Real Estate

Driven by several factors, the current industrial boom is a lot stronger -and potentially has more staying power – than the boom of 2005-2007, according to a recent report. It’s no secret that e-commerce is behind the huge growth in the industrial sector, both throughout United States and locally in …

MBK Rental Living, a division of Irvine-based MBK Homes, has begun pre-leasing properties at MetroGateway in Riverside. The four-story development has 187 apartments and lofts on 4.2 acres next door to the La Sierra Avenue Metrolink station, according to a statement released Wednesday. It’s designed for millennials and has a …

The Inland Empire office market continued to improve during the second quarter, as net absorption rose while the region’s vacancy rate declined. The two-county region added 97,882 square feet of office space in April, May and June, according to data released Tuesday by CBRE Group Inc. Ontario. Corona absorbed the …

Four point eight percent of all mortgages in the United States were delinquent during April,  down 0.5 percent year over year, according to data released Tuesday. Also during April, the national foreclosure inventory rate – which measures the percentage of mortgages in some state of delinquency – was 0.7 percent, …

Inland Empire home prices, including distressed sales, increased by 6.1 percent during May compared with May 2016, according to data released Wednesday. Month over month, home prices in Riverside and San Bernardino counties were up 0.8 in May, Irvine-based CoreLogic reported. Nationwide, prices were up 6.6 percent compared with May …

Pending home sales in California fell for the fifth consecutive month in May, according to data recently released. The state’s pending home sales index was 118.1 last month, down from 123 in May 2016, the California Association of Realtors reported. That decline happened even though closed escrow sales were strong …