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Real Estate

Round Table to locate in Fontana

A pizza chain has agreed to lease space at a Fontana shopping center. Round Table Pizza will occupy a 2,700 square-foot building at 10515 Sierra Ave. according to Progressive Real Estate Partners in Rancho Cucamonga, which helped negotiate the transaction. Details of the agreement were not released. The store, expected …

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State, Inland region housing affordability drops

U.S. home prices record annual decline

Housing affordability in California shrunk during the first quarter, the result of record high prices and interest rates. Twenty-four percent of the state’s households could afford the $797,000 median-priced home in the first quarter of this year, down from 25 percent in fourth-quarter 2021 and 27 percent year-over-year, according to …

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Report: home prices rise 20 percent

Nationwide housing prices take record jump

U.S. home prices rose 20.9 percent in March, the 14th consecutive month of double-digit price gains for the country’s housing market. However, that number is expected to slow to around six percent next month, the result of rising mortgage rates and higher home prices, both of which will put buying …

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SB apartment complex sells for $13.3 million

building sold

An 80-unit apartment complex in San Bernardino has been sold. Mountain View Apartments at 2991 and 2995 Mountain Ave. was purchased for $13.3 million by a private investor in Los Angeles whose name was not released, according to CBRE. The sellers also wished to remain anonymous. CBRE represented both sides …

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Construction begins on industrial project in Norco

Construction has begun on a 112-acre logistics project in Norco. Palomino Ranch will cover two million square feet and feature 24 industrial building when it’s completed, said CapRock Partners in Newport Beach, the project’s developer. The first phase of the warehouse-distribution facility is being built. It will consist of eight …

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State home sales drop year-over-year

Residential development for sale

Sales of existing single-family homes in California totaled 426,790 last month, a slight increase from the month prior but a 4.4 percent drop year-over-year, according to data released Tuesday. Statewide, the median home price in March was $849,080, up 10.1 percent from February and up nearly 12 percent from March …

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