Real Estate

The Inland Empire retail market bounced back during the second quarter, recording 31,000 square feet in net absorption after 483,000 square feet of negative absorption during the second quarter, according to CBRE. The west end – Ontario, Rancho Cucamonga, Corona – accounted for 400,000 square feet of that recovered space, …

Progressive Real Estate Partners in Rancho Cucamonga has negotiated the sale of a former bowling alley in the San Gabriel Valley. Trumark Homes in San Ramon sold the 1950s-era Covina Bowl to Los Angeles-based Starlight Union for $2 million, according Progressive. Starlight Union designs and remodels residential and commercial properties. …

Statewide sales of existing single-family homes rose for the third consecutive month in June, according to the California Association of Realtors. Year-over-year sales totaled 279,880 during the sixth month of the year, an increase of six percent percent compared with one year earlier, the association reported. That number is seasonally …

Pending home sales nationwide fell 2.2 percent during the four weeks that ended July 12, according to Redfin. That was the first year-over-year decline in one month, a downward shift that can be blamed on the “stubbornly high” cost of housing throughout the country, the Seattle-based real estate brokerage reported. …

Target will open a store in Perris July 26. The store at 1688 N. Perris Blvd. will cover 145,00 square feet and is expected to employ more than 150 people, according to a statement on the company’s website. Services will include drive up, order pickup and same-day delivery with Target …

The Inland Empire office market hit a bump in the road during the second quarter. Vacancy rose from six percent to 6.6 percent compared with the first quarter of this year, the lowest vacancy rate in the nation, while absorption fell by 150,000 square feet, according to CBRE. The region’s …