Tuesday , June 18 2024

Real Estate

Plans for Montclair Plaza renovation submitted

Inland Empire Business News June 4th, 2014.001

The long-rumored renovation of Montclair Plaza might happen soon. CIM Group, which bought the beleaguered mall last year, could break ground within weeks on remodeling plans that would transform some of the property into an outdoor facility, according to a report in the Inland Valley Daily Bulletin. The Hollywood developer …

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Housing industry looks solid

Inland Empire Business News August 23, 2014.003

The National Association of Home Builders is feeling optimistic about the housing market. More job gains, better mortgage rates, a growing economy and strong demand should propel single-family home sales through the rest of this year and into 2016, the trade association said recently. “This should be a good year …

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Sales of distressed houses drop

Inland Empire Business News August 15th, 2014.002

Distressed home sales nationwide are at their lowest point in seven years, with the Inland Empire showing considerable improvement in that area. Real estate-owned and short sales accounted for 13.5 percent of all home sales in February, the lowest they’ve been since February 2008, according to data released Tuesday by …

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Inland office market perks up

Inland Empire Business News.001

While no one will mistake it for the region’s industrial sector, the long-struggling Inland Empire office market is showing signs of life. Vacancy fell to 16 percent during the first quarter of this year, down from 17 percent during the fourth quarter of 2014 and down from 19 percent year-over-year, …

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Home flipping still common

Inland Empire Business News November, 2014.004

The practice of buying a home so it can be sold, rather than occupied by the owner or a renter, rose nationwide during the first quarter of 2015, an online newsletter that covers the housing industry has found. Overall, the number of investment buyers who said they planned to “flip” …

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Industrial building planned

Inland Empire Business News for May 13th, 2014.001

A developer has broken ground on a 750,000-square-foot industrial building in Fontana. Long Beach-based Pacific Industrial will develop the building at Sierra Pacific Center, the industrial park the company is developing in the 5800 block of Sierra Avenue, according to a report in GlobeSt.com, a real estate publication. Pacific Industrial …

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