Thursday , June 13 2024
Breaking News

Real Estate

Homebuilder buys Menifee lots

A Newport Beach real estate investment firm has sold 261single-family lots within Braverde, a master-planned community in Menifee. IHP Capital Partners sold the parcels, which are part of the project’s second and final phase, to Richmond American Homes in Denver for an undisclosed sum, according to a statement released Monday. …

Read More »

Hotel planned for Rialto

Construction has begun on a 135-room hotel in Rialto. Ayres Hotel Rialto is being built at Linden and Renaissance Parkway next to the Foothill Freeway. When finished, the hotel will be part of Renaissance Marketplace, a master-planned community being developed by the Lewis Cos. in Upland. The hotel will have …

Read More »

Moreno Valley parcel to become retail site

A Los Angeles developer will build a retail project on 1.2 acres it has purchased in Moreno Valley. Seagrove Property Group paid $1,050,000 for the parcel at 23125 Sunnymead Blvd. near the 60 Freeway, according to Progressive Real Estate Partners in Rancho Cucamonga, which negotiated the transaction. Information about the …

Read More »

State home market stays tough for most would-be buyers

Seven Inland Empire multifamily properties change hands

Buying a home remained a major hurdle for most Californians during the third quarter, according to data released this week. Only 24 percent of the state’s prospective homebuyers could afford the $814,450 needed to buy a median-price single-family home during that time, up slightly from the second quarter, but down …

Read More »

Dermody announces Eastvale leases

Dermody signs Eastvale tenant

A vitamin manufacturer and a logistics company have leased space at LogistiCenter Eastvale. Gardena-based Better Nutritionals, maker of the Vitamin Friends product line, and Landmark Global, an international delivery and logistics network, have leased a combined 285,072 square feet, according to Dermody Properties, which helped negotiate both transactions. Better Nutritionals …

Read More »

Local, national foreclosure rates drop

Mortgage Charts

Four percent of all U.S. mortgages were in some state of delinquency in August, a 2.6 percent decline year-over-year and the lowest percentage since before COVID-19, according to data released Tuesday. Early-stage delinquencies – 30 to 59 days past due – were at 1.1 percent, down from 1.5 percent in …

Read More »