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Real Estate

Corona industrial building fetches nearly $4 million

Avison Young Ontario has completed the sale of a 22,547-square-foot industrial building in Corona. The structure, at 1160 California Ave., sold for $3.98 million, according to a statement. The seller was a private party whose name was not released. The buyer was Sierra Way Industrial Partners LLC, a Redlands investment …

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Serious mortgage delinquencies spike in June

Inland Empire Foreclosures Drop

Seven point one percent of U.S. mortgages were in some state of delinquency – 30 days or more past due, including foreclosures – in June, according to data released Tuesday. That was a 3.1 percent increase compared with June 2019, when that number was four percent, Irvine-based CoreLogic reported in …

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Home prices continue to increase

Local, National Home Prices Continue to Increase

U.S. home prices increased 5.5 percent in July compared with July 2019, according to data released Tuesday. That was the fastest growth in prices in nearly two years, caused by strong purchase demand, lower mortgage rates, and a further drop in the number of houses for sale, CoreLogic reported. Because …

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Grill distributor leases industrial space in Riverside

A company that sells and distributes outdoor grills and grilling accessories has leased 65,000 square feet of industrial space in Riverside. Royal Gourmet Corp. of Peachtree Corners, Ga. expects to move into the space at Hunter Highland Corporate Center this September, according to a statement. The 211,160-square-foot building is at …

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State housing market perks up

Closed escrow sales of existing single-family homes reached an annualized rate of 437,890 units in July the California Association of Realtors reported this week. That figure, which includes seasonal factors that influence home sales, “represents what would be the total number of homes sold during 2020 if sales maintained the …

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Industrial building construction underway in Rancho Cucamonga

A Rancho Cucamonga construction company will build a 63,000-square-foot industrial building in that city. The structure will be located on a now-empty parcel on Fourth Street near Haven Avenue, according to a statement released recently by The Alliance Group Commercial Construction. Grading is underway, and construction is expected to be …

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