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Real Estate

Mountain Grove signs tenants

Inland Empire Business News September 9th, 2014.001

Four new retailers, three of them well-known clothing store chains, have leased space at Mountain Grove at Citrus Plaza, the planned lifestyle-entertainment center in Redlands. Old Navy has signed a lease on 15,000 square feet at Mountain Grove, a 480,000-square-foot project under construction next to the Citrus Plaza shopping center, …

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It’s the latest trend in housing: renting instead of buying

Inland Empire Housing Prices Signal Trouble.001

Rents are up nationally and locally, as some potential buyers take a closer look at the downside of owning a home. Some experts say the trend, a byproduct of the recession, is likely to be around for awhile. Is owning a home, better known as the American Dream, slowly going …

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Home price increase in IE leads nation

Inland Empire Business News March, 2014.005

Single-family home prices in the United States rose dramatically in July, and the Inland Empire lead the charge. Prices in the Riverside-San Bernardino market were up 13.8 percent compared with July 2013, the largest price increase of any major metropolitan market in the United States, according to CoreLogic, an Irvine …

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Water district buys property

Inland Empire Business News 01-14-14.001

A local water district has officially taken control of land next to a lake in Southwest Riverside County. Rancho California Water District closed escrow Monday on nearly 8,000 acres that wraps around Vail Lake, a popular recreation site, according to a report in The Press-Enterprise. The water district, which provides …

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Pending home sales data not encouraging

Warehouse Deal Approved As Property Values Drop.001

Despite below-average interest rates, pending home sales in California dropped for the fourth consecutive month in July, a sign that the state housing market continues to underperform. The Pending Home Sale Index dropped 2.3 percent, from 107 in June to 104.5 last month, according to a report released Tuesday by …

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Retail sales don’t miss a beat

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National retail sales stayed strong last week, boosted in part by more back-to-school shopping. Sales were up 4.2 percent for the week that ended Saturday compared with the same week in 2013, according to The International Council of Shopping Centers and Goldman Sachs Weekly Chain Store Sales Index. Retail activity …

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