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 …
Read More »Temecula could add houses, condominiums
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 …
Read More »Foreclosures continue to drop
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 …
Read More »Golf tournament helps charity
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 …
Read More »Housing market improves
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 …
Read More »Cushman & Wakefield to be bought
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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