Real Estate

Nearly three percent of all U.S. mortgages were in some state of delinquency in April, a 1.8 percent year-over-year drop, according to data released Monday. Early-stage delinquencies – 30 to 59 days past due – stood at 1.2 percent, up from one percent in April 2021, according to CoreLogic in …

Part of a retail community center in La Quinta has been sold for $35 million. Milan Capital Management, a real estate investment company in Orange, purchased 154,383 square feet of One Eleven La Quinta Center, according to SRS Real Estate Partners’ Investment Properties Group in Newport Beach. The seller was …

Two real estate investment companies are planning to develop outdoor industrial storage space on land it purchased recently on the west end of the Inland Empire. Iconic Equities and its partner, Leste Real Estate U.S., both based in Miami, recently purchased 5.6 acres for $12 million, according to a statement. …

U.S. home prices grew 20.2 percent in May compared with May 2021, the 16th consecutive month home prices have posted double-digit growth year-over-year. Thirteen states recorded home price growth of more than 20 percent between May of 2021 and May of this year, while prices increased nearly two percent between …

Several factors, starting with high prices and not enough houses being built, have caused the median price of home to fall out of reach for more residents, according to a UC Riverside study.   The Inland Empire, for years one of Southern California’s most affordable housing markets, may no longer …

Foothill Ridge, a 232-unit apartment complex in Upland, has been sold for $82 million. Institutional Property Advisors, a division or Marcus & Millichap, negotiated the sale, according to a statement. The sale breaks down to $353,448 per unit. The seller was Virtu Investments, an apartment fund manager in Carlsbad with …