Single-family home sales in Southern California fell to a three-year low for the month July, as prices rose and investment buyers played a lesser role in the market. Sales in the six-county region – the Inland Empire plus Los Angeles, Orange, San Diego and Ventura counties – dropped 12.4 percent …
Read More »Apartment complex sold
A luxury apartment complex in Chino Hills has been sold. Decron Properties in Los Angeles purchased Village Crossing, a 440-unit complex near Chino Hills Parkway and the 71 Freeway, according to multiple reports. Invesco Real Estate was the seller. Decron pledged to spend about $9.2 million upgrading the property, which …
Read More »Jumbo loans in California are easier to obtain today than a year ago
For many first time homebuyers the process of purchasing a home can be a daunting one, from choosing a trustworthy realtor, to being assaulted with unfamiliar industry terms and obtaining a loan. Depending on the purchase price of the selected unit, many homebuyers will not be required to understand the …
Read More »No more offices at CBRE Group’s Inland headquarters
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, …
Read More »Joint venture buys future residential site in Corona
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 …
Read More »High-end housing market is red hot
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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