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Home prices continue to rise

Inland Empire Business News January, 2015.004

Home prices rose 6.3 percent throughout the country during May compared with May 2014, a report released Tuesday stated. That number, which includes distressed sales, means prices of single-family homes have gone up year-over-year for 39 consecutive months, according to CoreLogic’s May 2015 Home Price Index. Month-over-month, home prices were …

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Inland office vacancy drops

Inland Empire Business News.001

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 …

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Inland gets new industrial project

Inland Empire Business News for May 13th, 2014.001

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 …

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CalPERs to sell much of its investment portfolio

Inland Empire News for April 2.002

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 …

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Home ownership continues to fall

Inland Empire Business News for May 16th, 2014.002

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 …

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New home sales increase

Inland Empire Gets Housing & Manufacturing Bump.002

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 …

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