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Real Estate

Ontario office building sold

Inland Office Market Improves.001

A religious school in Northern California has bought an office building in Ontario and plans to move part of its operation there. Golden Gate Theological Seminary paid $26 million for the structure at 3210 E. Guasti Road, and it plans to move its Marin County operation there, according to a …

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Logistics building is sold

Business Leaders come to gether in Inland Empire.002

A warehouse-distribution center in Ontario has been sold. Ontario Pacific Business Center, at 3919-3979 Guasti Road, sold for $20.1 million to a private party whose name was not disclosed, according to a statement by CBRE Ontario. The building covers 246,000 square feet, with access to three freeways and near Ontario …

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Housing development proposed for Lake Elsinore

Inland Empire Business News 01-14-14.001

A developer wants to build 468 single-family homes in Lake Elsinore. Spectrum Communities LLC in Corona Del Mar will build on a 151-acre lot next to Lakeshore Drive along Terra Cotta Road, in the northern part of the city, according to a report in The Press-Enterprise. Plans also call for …

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Home builders like multifamily market

Inland Empire Business News November, 2014.004

Homebuilders nationwide continue to feel confident about the multifamily housing market, according to a report released Thursday. The Multifamily Production Index reached 54 during the third quarter, four points below the second quarter but the 11th consecutive quarter with a reading of at least 50, according to the National Association …

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Home builder confidence rises

Inland Empire Lots Purchased

U.S. home builders expressed growing confidence in the housing market this month. The National Home Builders Association/Wells Fargo Housing Market Index rose four points, to 58, during the past month, according to data released Tuesday by the Washington, D.C.-based trade association. Low interest rates, job creation and affordable home prices …

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California home sales stay flat

Inland Empire News for April 2.002

Despite the lowest mortgage rates in a year and a half, California’s housing market stayed flat in October. Home prices also increased at their slowest rate since 2012 during that time, according to data released Tuesday by the California Association of Realtors. Closed escrow sales of single-family detached homes totaled …

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