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Real Estate

Retail center changes hands

Inand Empire Businesses Ramp Up for Holiday Shopping.002

A retail center in San Dimas has been sold to a group of private investors. The property, a strip center at 702 W. Arrow Highway, sold for $4.8 million, said Frank Vora, an investment sale specialist with Progressive Real Estate Partners in Rancho Cucamonga. The seller was R&N Partners LLC …

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International home buyers like U.S. market

Inland Empire Lots Purchased

The United States has become the favorite location of international home buyers, with California getting its share of that lucrative business. Eighty five percent of home buyers from outside the country say they only considered purchasing a single-family home in the United States, mostly because of the country’s stable government …

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More large industrial in the IE pipeline

Inland Empire Business News March, 2014.001

The Inland Empire continues to attract its share of large industrial projects. Nearly 10 million square feet of big-box industrial is under construction in Riverside and San Bernardino counties, meaning projects 200,000 square feet or larger, according to Colliers International. The Inland Empire’s reputation for being the industrial capital of …

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FHA lowers loan limits as home prices rise in the Inland Empire

FHA Jumbo Loan Limits

The Federal Housing Administration which provides mortgage insurance on qualifying loans and only requires a 3.5 percent down payment, lowered its loan limits at the outset of the year from $500,000 to $355,350 in Riverside and San Bernardino counties. Meanwhile, the Riverside County median home sale price rose 15.4 percent …

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Walmart looking at La Verne site

WalMart Looking to Expand

Walmart might be coming to La Verne. Not a regular Walmart, but a Walmart Neighborhood Market that would sell groceries almost exclusively, said Hal Fredericksen, La Verne’s community development director. The store will be located in the Foothill Plaza, a small shopping center at the northwest corner of Foothill Boulevard …

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Land purchase means homes for Chino Hills

Inland Empire Business News by IE Biz Hub.002

An Irvine homebuilder will build 94 single-family homes in Chino Hills. The Stratham Group of Companies has bought an 11.8 acre parcel on the east end of the city for an undisclosed sum, said Les Whittlesey, founding principal with WD Land in Irvine. WD Land helped arrange the sale, which …

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