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Real Estate

Pending home sales rise for third straight month

Nationwide housing prices take record jump

Pending home sales nationwide increased for the third consecutive month in February, according to data released today. The Pending Home Sales Index went up 0.8 percent during the second month of this year, to 83.2, the National Association of Realtors in Chicago reported. Three regions – the south, northeast, and …

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Mortgage delinquencies drop for 22nd straight month

Late payments on mortgages nationwide dropped for the 22nd consecutive month in January, according to data released today. During January, 2.8 percent of all mortgages in the United States were in some stage of delinquency, meaning 30 days or more past due including foreclosures, Irvine-based CoreLogic reported. That was a …

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Rancho parcel sells for $6.7 million

Sold Sign

A 1.8-acre commercial parcel in Rancho Cucamonga has been sold for $6.7 million. The vacant property, at the northwest corner of Red Oak Street and Spruce Avenue, is part of City Center, an area designated for future multifamily housing, retail and governmental use, according to CBRE. CBRE marketed the site …

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Fontana coffee drive-thru sold

A Dutch Bros. Coffee Drive-Thru in Fontana has been sold for $2.3 million. The 871-square-foot restaurant sits on nearly half an acre at 17010 South Highland Ave. in the Highland Village Shopping Center, according to Hanley Investment Group Real Estate Advisors in Corona Del Mar. The seller was Adler Realty …

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SoCal median home sale price drops

Southern California’s median home-sale price declined in February to $690,000, a 0.3 percent year-over-year drop, according to data released today. That number includes new and resale homes and resale condominiums in Los Angeles, Orange, Riverside, San Bernardino, San Diego, and Ventura counties, according to CoreLogic in Irvine. Not enough houses …

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Riverside business park lands major tenant

The second phase of a 72-acre business park will be occupied by a single tenant. Logistics Plus Warehousing & Fulfillment, Inc., a third-party logistics company based in Erie, Pennsylvania, has signed a five-year lease to occupy Columbia Business Park II, according to a statement released Monday by Trammell Crow Co. …

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