Real Estate

The Inland Empire office market had a solid second quarter, with 14,584 square feet of net absorption and nearly 39,000 square feet of construction recorded during that time, according to CBRE. Office vacancy decreased 30 base points to 9.7 percent, the third consecutive quarter-over-quarter vacancy drop for the office market …

Sales of existing single-family homes in California totaled 334,970 in June, down 8.4 percent from May and 20.9 percent year-over-year, according to the California Association of Realtors. Last month, the median price of a home statewide was $863,790, down four percent from May but up 5.45 percent from June 2021. …

Construction has started on the second and third phases of a residential-commercial development in Moreno Valley. When finished, phase two and three of Continental Villages will feature 96 apartments and 16 two-story units in duplex buildings, according a statement on the city’s website. Those phases, which are being developed at 16340 …

The Inland Empire industrial market continued to sizzle during the second quarter, its inventory rising to 622 million square feet following new deliveries. At the same time, vacancy stayed below one percent for the fifth consecutive quarter, a sign that the industrial sector’s “explosive growth” is not slowing, according to …

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 …