Real Estate

Two developers have proposed buying part of the Corona Mall so they can revive it, perhaps with a combination of retail and residential. Foremost Communities Inc. in Newport Beach, which deals primarily in residential projects, and Coronal 3rd Street LLC both have approached the city council about buying part of …

Pier 1 Imports’ warehouse-distribution Inland operation will get a major facelift. Irvine-based HFF has secured $54 million in refinancing for the facility at 3000 E. Philadelphia St. in Ontario, which is Pier 1’s West Coast distribution hub, the company announced in a statement Tuesday. The money, which was secured in …

Tight standards for mortgage lending are apparently holding back single-family home sales. Eighty three percent of homebuilders nationwide reported losing sales within the last six months because potential buyers couldn’t qualify for a housing loan, according to a recent study by the National Association of Homebuilders in Washington, D.C. The …

Southern California’s housing market remained a seller’s market in September. The median price of a single-family home last month was $413,000, the highest price for September in five years, according to CoreLogic DataQuick’s monthly report on the region’s housing industry. That price, an 8.1 percent year-over-year increase, was slightly below …

The Pechanga Band of Luiseno Mission Indians has purchased property across from its resort and casino in Temecula. Tribal officials paid an undisclosed sum for two side-by-side parcels at Pechanga Parkway and Wolf Valley Road, said David Harbour, senior land advisor with WD Land in Irvine. Combined, both properties cover …

Rents will continue to rise throughout Southern California during the next two years, as demand for space will outpace the construction of new units, according to a report released Thursday. Apartment vacancies fell in all four Southern California markets during the one-year period that ended June 30, including a 30 …