Real Estate

The Inland Empire industrial market cooled slightly during the first quarter, as vacancies rose and lease rates declined, according to data released today. The vacancy was 2.1 percent, still low but an increase of 74 basis points from the fourth quarter of 2022, Voit Real Estate Services reported. Lease rates …

Only one in five California families could afford the state’s median home price – $822,320 –  in 2022, a year-over-year drop of about five percent, according to the California Association of Realtors. An annual income of at least $186,800 was needed to make monthly payments of $4,670, on a 30-year …

A chain of indoor entertainment parks for children is coming to Rancho Cucamonga. Los Angeles-based Sky Zone has agreed to lease 30,700 square feet in a shopping center at 12449 Foothill Boulevard near Victoria Gardens, according to Progressive Real Estate Partners in Rancho Cucamonga. Terms of the agreements, and move-in …

A parcel In Corona occupied by a Taco Bell drive-thru has been sold. Evergreen Development, the project’s builder, sold the property for $2.9 million, according to Hanley Investment Group Real Estate Advisors in Corona Del Mar. Hanley Investment represented Evergreen Development in the negotiations. Founded in 1974, Evergreen specializes in …

U.S. home prices grew 4.4 percent in February, the 133rd consecutive month that housing prices grew year-over-year. However, that was the slowest rate of 12-month growth since before the pandemic, with most of the slowdown happening in California and other western states, Irvine-base CoreLogic reported today The February data included …

Pending home sales nationwide increased for the third consecutive month in February, according to data released today. The Pending Home Sales Index went up 0.8 percent during the second month of this year, to 83.2, the National Association of Realtors in Chicago reported. Three regions – the south, northeast, and …