Real Estate

Several factors, starting with high prices and not enough houses being built, have caused the median price of home to fall out of reach for more residents, according to a UC Riverside study.   The Inland Empire, for years one of Southern California’s most affordable housing markets, may no longer …

Foothill Ridge, a 232-unit apartment complex in Upland, has been sold for $82 million. Institutional Property Advisors, a division or Marcus & Millichap, negotiated the sale, according to a statement. The sale breaks down to $353,448 per unit. The seller was Virtu Investments, an apartment fund manager in Carlsbad with …

A fully-occupied retail building in Claremont has been sold for $4.1 million. The structure, at 903-911 Foothill Blvd. covers 9,226 feet and is next door to Sprouts Farmers Market, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive marketed the property and represented the seller, The Festival Companies, a …

Two point seven percent of all of all U.S. mortgages were in some state of delinquency – 30 days or more past due, including foreclosures – in March, according to a recent report. That was a 2.2 percent decrease – from 4.9 percent – in March 2021, Irvine-based CoreLogic reported. …

Sales of existing single-family homes in California fell 15.2 percent year-over-year in May, according to the California Association of Realtors. Statewide sales totaled 377,790 during the fifth month of the year, while the median price of a single-family home was $898,980, up 9.9 percent from May 2021, the Los Angeles-based …

The 4.1 million-square-foot project will be a five-story building loaded with robotics and automation a relatively small footprint. That approach could make it possible to build even more warehouse-distribution facilities in a market already oversaturated with them.    Who says there’s no longer enough space on the west side of …