Real Estate

Only three percent of U.S. mortgages were in some stage of delinquency in February, down 0.4 percent year-over-year but a slight increase – 0.2 percent – from January, according to data released today. One point four percent of all mortgages were 30 to 59 days past due in February, unchanged …

A former Kmart building in Big Bear Lake will be converted into an 80,000-square-foot neighborhood shopping center. Wood Investments Companies Inc. in Newport Beach will divide the building at Big Bear Lake Shopping Center, into three anchor tenant suites, according to a statement released by the company on Monday. The …

A 41-unit apartment complex in Rialto has been sold for $6.8 million. A private investor whose name was not released bought the Jackson Apartments, adding to a portfolio that includes several other multifamily properties in the greater San Bernardino market, according to a statement released by CBRE. CBRE represented both …

A 108-room hotel is under construction in Norco. Tru by Hilton is being built at 3481 Hamner Ave., on a vacant parcel on the east side of the street, according to a statement on the city’s website. Approved by the city in 2019, the four-story hotel will be located immediately …

A High Desert industrial building occupied by General Dynamics Information Technology, Inc. has been sold. The 30,000-square-foot structure in the IE-North Commerce Center in Adelanto sold for $5.5 million, according to Graystone Capital Advisors, a full-service commercial real estate brokerage in Newport Beach. Graystone represented the seller, Frontier Enterprises, in …

Sales of existing single-family homes in California totaled 281,050 in March, the sixth consecutive month sales have fallen below 300,000, according to data released Tuesday. That number was one percent below February’s sales but 34.2 percent below March 2022, when sales of detached homes reached 427,000. The March sales numbers …