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 …
Read More »More large industrial in the IE pipeline
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 …
Read More »FHA lowers loan limits as home prices rise in the Inland Empire
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 …
Read More »Walmart looking at La Verne site
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 …
Read More »Land purchase means homes for Chino Hills
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 …
Read More »Panel to discuss Mo Valley logistics project
NAIOP Inland Empire will host panel discussion on a 1.5-million-square-foot industrial project planned for Moreno Valley. The build-to-suit project is being developed by Panattoni Development in Newport Beach, according to NAIOP Inland Empire. The tenant has not been identified, but it is reportedly in the top 30 of the Fortune …
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