The local chapter of a national commercial real estate organization has made a major donation to a local food bank. On Dec. 9, NAIOP Inland Empire presented a $2,500 check to Feeding America Riverside/San Bernardino, said Steven Batcheller, the chapter’s president and a partner with Panattoni Development in Newport Beach. …
Read More »State home sales are sluggish
Sales of single-family homes in California totaled 376,480 in November, down 5.3 percent from October and down 3.4 percent year-over-year, according to data released Wednesday by the California Association of Realtors. Monthly home sales have now been below 400,000 since November 2013, despite slower price gains and the lowest interest …
Read More »Gated community proposed
The Murrieta City Council is scheduled to consider tonight a proposal for a gated community that would allow horses. Temecula developer Larry Markham wants to build the project at Dry Creek Drive and Vineyard Parkway on Murrieta’s western border, according to a report in The Press-Enterprise. Single-family homes would be …
Read More »Drop in housing starts is downplayed
U.S. housing starts dropped 1.6 percent in November, but don’t panic: the nation’s housing market is still in recovery mode. Slightly more than one million housing projects began construction nationwide, as the single-family and multi-family markets effectively offset each other, according to data released recently by the U.S. Department of …
Read More »Housing market is sluggish
The Southern California housing market isn’t finishing 2014 with bang. Home sales in November were at their lowest for that month in seven years, while home prices also flattened, according to CoreLogic DataQuick’s monthly report on the region’s housing industry. A total of 15,634 houses and condominiums were sold in …
Read More »Apartment complex changes hands
A Coachella Valley apartment complex has been sold. Villagio at La Quinta sold for $24.8 million, or nearly $167,000 per unit, according to a statement by CBRE Group Inc. Ontario. CBRE represented the seller, La Quinta Villagio Flintlake LP. The buyer, Hanes-Villagio LLC, was represented by Hanes Investment Realty Inc. …
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