Friday , May 24 2024

Real Estate

No more offices at CBRE Group’s Inland headquarters

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No more conventional conference rooms or assigned work spaces, either, as the real estate brokerage shifts to a concept called Workplace360. The idea is to get workers to interact more, but to do that they must forego all personal space. Joe Cesta no longer has an office, corner or otherwise, …

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Joint venture buys future residential site in Corona

Inland Empire Lots Purchased

A homebuilder and a real estate investment company will buy a large number of high-end residential lots in Corona. The New Home Co. in Aliso Viejo and Tricon Capital Group Inc. in Toronto will purchase Arantine Hills, a 276-acre master-planned community site in Corona, both companies announced today in a …

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High-end housing market is red hot

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California’s high-end housing market, like the state’s housing market in general, is performing well. The number of single-family homes that sold for $1 million or more rose to its highest level in seven years during the second quarter of this year, according to CoreLogic DataQuick, the La Jolla-based real estate …

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Bank building changes hands

Housing Prices Drop

The recent sale of an office building in Murrieta occupied by the Pacific Western Bank building was negotiated by Dan Vittone and Alan Pekarcik, both principals with Avison Young’s Irvine office. A July 31 story incorrectly reported which Avison Young office handled that transaction.

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NAIOP IE assists Habitat for Humanity

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Members of the Inland Empire chapter of NAIOP recently worked with Habitat for Humanity, the organization that provides housing to low-income people. About 20 chapter members helped paint and landscape a home in Riverside last month, part of the charitable organization’s A Brush With Kindness program, according to a release. …

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Some good housing news

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Non-distressed home sales in California have reached their highest level since the start of the housing crisis. About 90 percent of all single-family home sales statewide in June were equity sales defined as sales of properties not in foreclosure or otherwise distressed – up from 89 percent in May, according …

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