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Housing market posts solid numbers

Inland Empire Business News week of October 14.001

Single-family home sales took a dramatic year-to-year jump in the Inland Empire during September. Sales were up 7.6 percent in Riverside County and 15.4 percent last compared with September 2012, according to DataQuick, the San Diego company that tracks the Southern California real estate market. Prices were also strong in …

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Good news: bank-owned home sales are on the decline

Inland Empire Economy Improves.002

In another sign that the state’s housing market is on the mend, sales of bank-owned homes now make up only five percent of the state’s total home sales. That’s quite a drop from nearly five years ago: at the start of 2009, repossessed homes accounted for nearly 60 percent of …

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Inland furniture company moves to trade zone


A company that manufactures and distributes outdoor furniture is moving within the Inland Empire. Summerville Furnishings Inc. will lease a 56,585-square-foot building at 1800 Turner Drive in Ontario, said Stefan Pastor, an associate with Colliers International. The company is leaving an 80,000-square-foot building in Fontana that has served as its primary …

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Dispute stalls commercial project


The Murrieta City Council has delayed consideration of a proposed mixed-use development because of a disagreement between the city and landowners. The council voted unanimously Tuesday to delay its vote on The Triangle, an office, hotel and retail project that would be built on 64 acres at Interstates 15 and …

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Major logistics development underway in Chino


Construction has started on a major warehouse-distribution facility in Chino that is reportedly the largest speculative industrial project currently under development in the western United States. Empire Gateway will be built at the northwest corner of Euclid Avenue and Pine Street, according to Colliers International Ontario, which is marketing the …

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Inland housing agencies receive HUD grants

Inland Empire Business News by IE Biz Hub.002

Two local housing agencies have received counseling grants from the federal government.    Springboard Nonprofit Consumer Credit Management and The Fair Housing Council of Riverside County were among 334 organizations nationwide that recently received assistance from the U.S. Department of Housing and Urban Development, according to a published report.    …

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