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San Bernardino to take another swing at Carousel Mall

carousel mall

The city council is scheduled to discuss two proposed mixed-use projects for the 43-acre site, which has been vacant since the mall closed nearly four years ago.  Whatever is built there will help determine the future of downtown San Bernardino. Could San Bernardino finally be on the verge of fixing …

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Home prices climb nearly 10 percent

median priced home

Home prices nationwide were up 9.2 percent in December, the largest year-over-year gain in nearly seven years, according to a report. Despite COVID-19, the U.S. housing market performed well in 2020, as low-mortgage rates convinced many first-time buyers to enter the housing market, Irvine-based CoreLogic reported Tuesday. Still, the pandemic …

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Newsom signs rent relief bill

Gov. Gavin Newsom has signed into law Senate Bill 91, which gives financial assistance of up to 80 percent of unpaid rent accrued due to COVID-19. The relief, available to qualifying housing providers and tenants, will be paid for with federal funding: The Congressional relief package that then-President Donald Trump …

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Fontana “spec” project sells for $54 million

IE manufacturing

A new industrial building in Fontana has been sold. The Fontana Santa Ana Industrial Center, a speculative project which covers nearly 300,000 square feet, sold for $54 million, according to a statement released earlier this week. The speculative project, one of the largest industrial developments undertaken on the Inland Empire’s …

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Large industrial deals thrived in 2020

Boosted by the boom in online shopping created by COVID-19, 2020 was a record year for large industrial transactions in the United States. Forty eight leases of one million square feet or more were recorded last year, up from 29 in the previous year, according to data released Wednesday by …

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