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Real Estate

Residential parcels sold

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An Orange County land brokerage company has negotiated the sale of two parcels in the Inland Empire that will be developed into residential projects. FHII LLC, a private investment group, bought 35 residential lots from Encore Rialto Investments LLC for an undisclosed sum, said Tom Doyle, founding principal with WD …

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Housing market posts solid numbers

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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

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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

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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

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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

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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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