Saturday , September 24 2022

Real Estate

Upland office project sold

An office property in Upland has sold for $10.25 million. Stewart Plaza, a two-building complex at 400 to 440 Mountain Ave., was purchase by Harbor Investments in Long Beach, CBRE announced in a statement. The seller was a private investor whose name was not released. Stewart Plaza covers 84,500 square …

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Home prices rise at fast clip

Home Prices Increase

Home prices nationwide increased 6.7 percent in September compared with September 2019, according to data released Tuesday. That was the fastest year-over-year acceleration in the prices of single-family homes and condominiums since May 2014, Irvine-based CoreLogic reported in its monthly assessment of the U.S. housing market. Nationwide home prices increased …

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Desert senior community sold

A multifamily community in Palm Desert that caters to seniors has been sold. The 30-year-old development at 73625 Catalina Way, sold recently for $3.8 million, according to CBRE. Buyer and seller were private parties whose names and places of business were not released. CBRE represented both in the negotiations. “This is …

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State home sale expected to rise

Sales of homes in California are expected to rise 3.3 percent in 2021, to 392,510 units, according to the California Association of Realtors. That “modest” increase will be accompanied by a 1.3  percent increase in the median price of a single-family home, to $648,760, the Los Angeles-based trade group predicted. …

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