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Real Estate

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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Medical office building fetches $3.8 million

building sold

A medical office building in Montclair has sold for $3.8 million. Holt Medical Center at 5153 Holt Blvd. was sold by a private investor in Orange County to a buyer who was represented by an outside broker, CBRE announced. Both parties wished to remain anonymous. Built in 2006, the 12,453-square-foot …

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Fontana shopping center sold

Sold Sign

A Fontana retail center with no anchor tenants has sold for $2.8 million. Shops at Fontana Square was sold by a private investor in Arizona to another private investor from Southern California, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive represented the seller and Dolly Realty-Property Management in …

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