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Jumbo loan limits in California Still at 2013 levels

Jumbo Loans in California

The government designated 208 high-cost areas across the nation including areas of California as high-cost areas in which the conforming loan limit is raised to $625,500 for most single family residence. For the ninth consecutive year jumbo loan limits in California remain unchanged and range between $417,000 and $625,500 depending …

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Office complex sold

Inland Empire Businesses Coach Next Generation.002

A two-building office complex in Murrieta has been sold. The buildings at Interstate 15 and Kalmia Street sold for $7.75 million, according to Avison Young, the commercial real estate firm. Avison Young’s Irvine office represented the seller, Village Walk Square LLC, and the buyer, Village Walk Murrieta LP. The sale …

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Home prices rise, but sales tumble

Inland Empire News for April 2.004

Home sales and prices in Southern California moved in opposite directions last month. The median price of a single-family home last month was $415,000, an eight-percent year-over-year increase and the highest median price in 77 months, according to DataQuick in La Jolla. While prices soared, sales in the six-county region …

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Inland office market perks up

Inland Empire Businesses Coach Next Generation.002

The Inland Empire office market is showing some signs of life. More than 94,000 square feet of space was absorbed during the second quarter, and more than 152,500 square feet of space was under construction as the quarter ended, according to Voit Real Estate Services’ second quarter report on the …

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Lewis Group sell lots

Inland Empire Business News 01-14-14.001

A Utah-based homebuilder has bought 291 lots from the Lewis Group of Companies Upland. Woodside Homes paid an undisclosed sum for the parcels, both of which are in master-planned communities in Ontario and Folsom, according to a report in The Press-Enterprise. The local project, Park Place of Ontario, will be …

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Ontario industrial building sells

Inland Office Market Improves.001

A Los Angeles company has bought a two-building industrial property in Ontario. Rexfield Industrial Realty Inc., a real estate investment trust that owns and operates infill properties, purchased the Dupont Business Center for $10.2 million, according to a statement. The project, which was built in 2001, is on 5.7 acres …

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