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Real Estate

Housing market hits a bump in the road

Inland Empire Economy Improves While Housing Falls.001

Single-family home sales in Southern California fell in November, as potential buyer struggled with higher prices and a shrinking supply of homes on the market. Sales in the six-county region dropped 10.4 percent last month compared with November 2012, according to DataQuick in San Diego. While sales dropped dramatically, the …

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Local foreclosures are down

Inland Empire Economy Improves.002

Home foreclosures in the Inland Empire dropped last month, according to data released last Thursday. There were 2,658 foreclosure filings in Riverside and San Bernardino counties in November, down 5.3 percent compared with October and down 56 percent year-to-year, according to a report originally published in The Press-Enterprise. San Diego …

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Office condos in Corona sell

Inland Empire Businesses Coach Next Generation.002

Voit Real Estate Services recently completed the sale of seven medical and professional condominium office buildings in Corona. The structures, at the Corona Corporate Centre, sold for $18.6 million to 20 separate buyers, according to a statement posted on the Voit website. All of the buildings at the project, which …

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Inland real estate professionals help local food bank

Inland Empire Food Drive is a Success.001

NAIOP Inland Empire has donated $5,000 to the Second Harvest Food Bank in Riverside. The donation, which was made last Thursday, will cover the cost of 40,000 meals, insuring that hundreds of Inland Empire families in need will have food for the holidays, according to a statement. More than 35 …

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Nominations for NAIOP awards due

Inland Empire Jobless Rate Drops.001

NAIOP Inland Empire is asking local real estate professionals to nominate their employers, co-workers and business partners for the chapter’s annual REXIE Awards. The third annual awards program, a benefit for the Boys & Girls Club of Fontana, is scheduled to be held Jan. 14 at the Hilton Ontario Airport, …

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Retail property sells

Local Commercial Building in Riverside Sells.001

A property in Riverside that is occupied by O’Reilly Auto Parts has sold. Riverosity LLC in Los Angeles bought the property at 1691 University Ave. from Ximeno Associates in Newport Beach for $3.2 million, according to a statement by Faris Lee Investments. The sale was announced Tuesday. O’Reilly Auto Parts …

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