Twenty six percent of all Californians last year could afford a statewide, median-priced home of $786,750 , a two percent year-over-year drop, according to the California Association of Realtors. A minimum yearly income of $144,400 was needed to make monthly payments of $3,610 on a 30-year fixed-rate mortgage at a …
Read More »Redlands retail center is sold
Progressive Real Estate Partners has completed the sale of a neighborhood retail center in Redlands. The Grove, sold for $8 million to a private investment group that owns similar commercial properties in Riverside County, according to a statement on Progressive’s website. Progressive represented the seller, who was from Los Angeles …
Read More »Dermody signs Eastvale tenant
Dermody Properties has leased a building to an undisclosed tenant at its LogistiCenter at Eastvale. The tenant, described only as a Fortune 500 company, will occupy building 6 at the project, according to a statement released earlier this week. At the tenant’s request, lease terms also were not disclosed, a company …
Read More »Dermody signs Eastvale tenant
Dermody Properties has leased a building to an undisclosed tenant at its LogistiCenter at Eastvale. The tenant, described only as a Fortune 500 company, will occupy building 6 at the project, according to a statement released earlier this week. At the tenant’s request, lease terms also were not disclosed, a company …
Read More »Housing rents continue to rise
Riverside housing rents rose an average of 17.2 percent between February 2021 February 2022, one of the largest increases of any major U.S. metropolitan area during that time. Average monthly rents in the city during that time were $2,653 a month, while the average monthly mortgage – based on a …
Read More »Ontario to build 20,000-plus housing units
Ontario has agreed to build more than 20,000 housing units between now and October 2029, including 9,000 units for low-income residents. The updated housing element, adopted earlier this month, represents what the city is required to build under the state-mandated Regional Housing Needs Assessment (RHNA), according to a statement on …
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