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Real Estate

Retail portfolio sold

Sold Stamp

Three retail properties in French Valley have been sold for $17.3 million. The properties are adjacent to French Valley Marketplace, a 78,000-square-foot neighborhood shopping center at 35958 Winchester Road, according to a statement. SRS Real Estate Partners in Newport Beach negotiated the sale. Buyer and seller were described only as …

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Retail-office project planned for Chino

A retail-office project that will cover nearly 170,000 square feet will be developed in Chino. Town Center at the Preserve will be built within The Preserve at Chino, a master-planned community at Pine Avenue and Main Street, according to Lewis Retail Centers in Upland. Lewis Retail is the developer of …

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Building Industry forms philanthropic arm

The Building Industry Association of Southern California has formed its own charitable foundation. The nonprofit Builders for Better Communities Foundation will partner with homebuilding industry members who support education programs that help better communities, according to a statement. The foundation will focus on the association’s Diversity, Equity, and Inclusion initiative, …

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Affordable housing community opens in MoVal

The first phase of an affordable housing community in Moreno Valley has opened. Courtyards at Cottonwood, an 81-unit gated community with 60 units for lower-income families and 20 more for lower-income seniors, opened Sept.14, according to a statement on the city’s website. The project, at 24580 Cottonwood Ave., was developed …

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Report: Mortgages delinquencies, foreclosures stay down

Mortgage delinquencies continue to fall

Mortgage delinquencies and foreclosure rates remained near record lows in June, according to data released Tuesday. Later-stage delinquencies fell by 60 percent year-over-year, with only a small increase in foreclosures, CoreLogic reported. Two point nine percent of all U.S. mortgages were in some state of delinquency in June – 30 …

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Home equity goes up

Seven Inland Empire multifamily properties change hands

Home equity in the United States increased 27.8 percent year-over-year during the second quarter, according to data released Friday. That figure applies exclusively to properties with mortgages, which is approximately 63 percent of all single-family homes nationwide, Irvine-based CoreLogic reported. Collectively, those properties accumulated $3.6 trillion in equity during April, …

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