Real Estate

The Inland Empire office market is coming back to life, albeit slowly. Riverside and San Bernardino counties absorbed 13,600 square feet of office space during the second quarter of this year, according to Newmark Grubb Knight Frank. That was a modest amount, but enough to lower the region’s vacancy rate …

A 2.4 million-square-foot industrial project is being developed in Eastvale. Goodman Commerce Center Eastvale will include a community shopping center, a hospital, medical offices, a business park and industrial buildings, according to Irvine-based Goodman Birtcher, the project’s developer. Information on the project was posted on Goodman Birtcher’s website. Goodman Commerce …

The California Public Employees Retirement System announced Tuesday that it plans to sell up to $3 billion of its real estate investment holdings. The pension fund – better known as CalPERS – has hired Park Hill Group, a global asset management firm, to help with the deal, according to a …

Owning a home isn’t as popular, or as affordable, as it used to be. The national homeownership rate fell 0.6 percent last year, to 64.5 percent, the 10th consecutive year that figure has declined, according to the 2015 State of the Nation’s Housing Report. The report is published by the …

Nationwide sales of new single-family homes rose 2.2 percent in May, according to the National Association of Home Builders. That works out to a seasonally adjusted rate of 546,000 units, meaning that’s the number of new houses that would be sold this year if last month’s rate of growth were …

Pending home sales in California were up 12.1 percent last month compared with May 2014, the sixth consecutive month year-over-year gains in that category. Month-over-month was another story. Pending sales were down 4.6 percent from April, compared with the average 3.6 percent drop that has happened between April and May …