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Real Estate

Housing affordability on the rise

Inland Empire Business News August 23, 2014.003

Buying a home in California got a little easier during the first quarter of this year. The percentage of home buyers who could afford a median-priced, single-family home in the state rose to 34 percent during the first three months of 2015, up from 31 percent during fourth quarter of …

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Temecula could add houses, condominiums

Housing Market Takes a Dip.001

A commercial strip in Temecula might be turned into a residential thoroughfare. The 560-acre Jefferson Avenue Corridor, now populated mostly with strip malls and office parks, could be rezoned so that more than 3,700 new apartments and condominiums would be built there, according to a report in The Press-Enterprise. The …

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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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