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Real Estate

State housing market dips slightly

State home sales continue to decline

California’s housing market slipped slightly in March compared with the previous month, perhaps a sign of potential buyers holding back because of concerns about the economy’s immediate future. Statewide sales of existing single-family homes last month totaled 277,030, down 2.3 percent in February but up 4.9 percent year-over-year, according to …

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Inland industrial vacancy declines

IE manufacturing

The Inland Empire industrial market had a solid first quarter this year, posting positive net absorption and decreasing vacancy for the first time since the third quarter of 2022, according to a report. While the market showed signs of a recovery during the first three months of 2025, “declining lease …

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Office building fetches $6.2 million

Sold Stamp

A two-story office building in Rancho Cucamonga has been sold for $6.2 million. The structure at 9421 Haven Ave. was sold to a local buyer, according to CBRE, which helped negotiate the sale. Names of the buyer and seller weren’t released. “We are thrilled to have facilitated the sale of …

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KB Home opens in Perris

KB Home has opened a community in Perris.

KB Home has opened a community in Perris. Rockridge is at Walnut Avenue and Sherman Road, near I-215 and the 74 Freeway, according to the Los Angeles-based homebuilder. The development offers one- and two-story homes with up to five bedrooms and three-and-a-half baths. Prices start at $580,000. Model homes are available …

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Riverside industrial facility sells for $257 million

building sold

A 900,000-square-foot warehouse-distribution facility in Riverside has been sold for $257 million. Built in 2019, the building at 21600 Cactus Ave. was sold by BlackRock, a global asset management firm, to Burlington Distribution, an affiliate of Burlington Stores, according to a statement. Colliers represented Burlington Distribution, and CBRE represented BlackRock, …

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Rancho shopping center gets refinance loan

Federal funding will pay for major street upgrades in Riverside

A real estate investment, development and finance company has arranged a $19 million refinance loan for a neighborhood shopping center in Rancho Cucamonga. BOLOUR, a private company in Beverly Hills, provided the 12-month cash-out refinance loan through its affiliate, BA Debt Fund LLC. The shopping center is located at 8601 …

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