Tuesday , June 18 2024

Real Estate

Foreclosures continue to drop

Inland Empire Business News August 18th, 2014.002

Foreclosures fell substantially in March, as the U.S. housing industry continued its crawl back to where it was before the recession hit. Year-over-year, the number of houses in foreclosure dropped 25.7 percent during the third month of the year while completed foreclosures declined 15.5 percent, according to CoreLogic, the Irvine-based …

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Golf tournament helps charity

Inland Empire Jobless Rate Drops.001

Nearly 150 commercial real estate professionals teed it up Thursday at NAIOP Inland Empire’s annual golf tournament. The event, held at the challenging Industry Hills course in the City of Industry, raised $10,000 for Special Operations Warrior Foundation, a national organization founded 35 years ago. The non-profit entity provides scholarships …

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Housing market improves

Inland Empire Business News March, 2014.005

The U.S. housing market continued to improve during the first quarter. Sixty eight of the country’s estimated 360 metropolitan areas either returned to or exceeded their normal levels of economic and housing activity during the first three months of this year, according to the National Association of Home Builders. That …

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Cushman & Wakefield to be bought

Cushman & Wakefield Sold

DTZ, commercial real estate firm with clients throughout the world, has announced it plans to buy Cushman & Wakefield. The Chicago-based company will pay $2.04 billion for Cushman & Wakefield, creating a single company with $5.5 billion in yearly revenue and that will oversee more than four billion square feet …

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Investment buyers change focus

Inland Empire Business News January, 2015.004

Investment buyers appear to be moving away from single-family homes. As the supply of distressed homes continues to shrink, more investment buyers are shifting to multifamily properties, according to data released Wednesday by the California Association of Realtors. Twenty one percent of all investors bought multifamily properties during the past …

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Industrial project planned

Inland Empire Business News May 5th, 2015.002

A Northern California real estate developer will build a warehouse-distribution facility in an unincorporated part of Riverside County. Newcastle Partners Inc. has purchased 8.2 acres at the northwest corner of Harley Knox Boulevard and Harvilll Avenue, according to a company statement. The property, which sold for an undisclosed sum, is …

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