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Real Estate

Local NAIOP chapter names new board members

Changes coming to Inland Empire Real Estate.002

NAIOP Inland Empire has appointed its 2014 leadership board. The 43-member board, which was announced Monday, will spend this year carrying out the chapter’s mission of promoting commercial real estate in Riverside and San Bernardino counties, while looking to help improve the region’s quality of life, according to a statement. …

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OC homebuilder buys Inland lots

Inland Empire Lots Purchased

An Orange County homebuilder has bought 412 lots in the Inland Empire. TRI Pointe Homes in Irvine plans to build 262 detached homes and 162 town homes on those parcels, which are in Ontario, Riverside and the Corona area, according to a report originally published in The Press-Enterprise. The Ontario …

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State housing market still slow

Inland Empire Business News by IE Biz Hub.002

Home sales in California remained flat in January, as the market remained plagued by low inventory. Sales of single-family, detached homes in the state during the first month of the year totaled 363,640 units, the third consecutive month that sales failed to reach 400,000 units, according to the monthly housing …

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Investor buys Montclair Plaza

Businesses Sold in Inland Empire.002

Montclair Plaza has been sold to a Los Angeles investment firm. The regional shopping mall, which opened in 1968 and is one of the oldest shopping centers in greater Los Angeles, was sold to CIM Group, according to a statement posted on the company’s Web site. The seller was CWCapital …

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Housing sales drop dramatically

Housing Prices Drop

The Southern California housing market had its weakest January in three years, as higher prices, a smaller inventory and stiff lending rules combined to drive down sales in the six-county region. Sales were down 9.9 percent from January 2013, the fourth consecutive month that single-family home sales in the region …

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Housing Affordability Takes A Hit

Inland Empire Housing Prices Signal Trouble.001

With a recovering housing market comes higher-priced homes, and that can be a mixed blessing. On one hand, houses are worth more, so sellers make more money and owners have more equity in their homes. It also means that not as many people can afford to buy a home, as …

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