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Real Estate

Planned shopping center attracts 18 retailers

Eighteen retailers have agreed to locate at a Rialto shopping center scheduled to break ground this month. Rialto Village will be built at the southwest corner of San Bernardino and Riverside avenues and will be anchored by Sprouts, Burlington, Ulta, and Five Below, according to CBRE Ontario, which is marketing …

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IE claims seven of the country’s top industrial leases

Dermody signs Eastvale tenant

The Inland Empire accounted for seven of the largest industrial leases in the United States during the first six months of this year, according to data released today. Only Atlanta, Chicago and Indianapolis surpassed the Inland region in the category, which was based on an average size warehouse lease of …

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State home sales plunge

Sold Sign

Sales of single-family detached homes in California fell 31.1 percent year-over-year in July, the result of high prices and rising interest rates, according to data released today. The state’s median home price – $833,910 – was up nearly three percent from exactly one year earlier, the California Association of Realtors …

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Two-tenant retail building sold

A Palm Desert building occupied by Mattress Firm and Club Champion has been sold for $5 million. The three-year-old structure is on a small parcel at Highway 111 and Fred Waring Drive, an intersection that accommodates an estimated 63,000 vehicles a a typical day, according to a statement released Tuesday. …

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Master-planned community in Menifee gets started

Ground has been broken on a 330-acre master-planned community in Menifee. Legado, which broke ground this month, will feature 1,000 homes and multiple recreational spaces, including walking paths with exercise stations, play spaces, a pool and recreation center and a 13-acre park, according to a statement. “Legado will be a …

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State housing affordability drops

U.S. home prices record annual decline

Housing affordability in California fell to its lowest point in 15 years during the second quarter of 2022, the result of higher home prices and interest rates, according to data released today. Only 16 percent of the state’s households could afford the median price of a home – $883,370 – …

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