Real Estate

An estimated 3.3 percent of all U.S. mortgages were in some state of delinquency in January, including foreclosures, according to data released this week. That was a 2.3 percent decrease year-over-year and the lowest national delinquency rate recorded since at least January 1999, Irvine-based CoreLogic reported. It was also the …

World Plaza, a San Bernardino shopping center, has been sold. The property at 1535 E. Highland Ave. was sold by Presidio Property Trust Inc. in San Diego for an undisclosed sum, according to Hanley Investment Group Real Estate Advisors in Corona Del Mar. The sale was announced in a statement …

Construction has begun on the first phase of an industrial park in Norco that will eventually cover two million square feet. Palomino Ranch will consist of 24 buildings on approximately 112 acres and will be the largest industrial project in city history when it’s completed, according to the project’s developer, …

Nordstrom Rack has leased 30,000 square feet at a Riverside shopping center. The space at Canyon Springs Marketplace, a 183,000-square-foot facility next to the 60 Freeway, was formerly occupied by Bed, Bath & Bed, according to Progressive Real Estate Partners in Rancho Cucamonga. Details of the agreement were not released. …

The development, which will be built on a large parcel in heart of the city if it’s approved as planned, will reshape the young city, according to officials.   Twelve years after it incorporated, Eastvale is taking the first steps toward developing a downtown that will include a civic center, …

Ramona Plaza, a 102,546-square-foot retail center in Hemet, has been sold. The project at 1300-1480 East Florida Avenue, sold for $13.9 million, according to a statement released by SRS Real Estate Partners’ National Net Lease Group, which helped negotiate the sale. SRS represented the seller, a Southern California-based investor whose …