Breaking News

Real Estate

Home prices keep rising

Home prices rose four percent in December compared with one year earlier, as housing prices continue to rise in virtually every part of the country, according to data. “Moderately priced homes are in high demand and short supply, pushing up values and eroding affordability for first-time buyers,” Frank Nothaft, CoreLogic’s …

Read More »

Inland Empire tops the list of largest U.S. warehouse deals

The closest market is 10 million square feet behind Riverside and San Bernardino counties, according to a report. The Inland Empire was the heavyweight champion of large warehouse-distribution center lease deals in 2019. Twenty one of the 100 largest industrial transactions in the United States last year happened in Riverside …

Read More »

Temecula retail properties carry multi-million dollar price tag

A pair of retail centers in Temecula have sold for a combined $26.1 million. Bel Villagio I-II and Bel Villagio III, a mix of restaurants, “daily use” goods and other retail, has been sold to Poincare Group LLC, according to a statement. The seller was Pathfinder Partners, a private real …

Read More »

Model home display scheduled

A display of model homes will be held Saturday at Nova, a neighborhood to be built in southeast Rancho Cucamonga. Nova, which is being developed by The New Home Company, will consist of 135 three-story townhomes and single-stacked flats, according to a statement. It will be part of The Resort, …

Read More »

Perris site to be “spec” industrial project

A 9.5-acre site in Perris has been sold to a logistics company that plans to build a warehouse-distribution facility there. Dedeaux Properties in Commerce paid $2.2 million for the property at 5150 Walnut Ave., according to a statement released by Avison Young Ontario, which negotiated the transaction. The seller was …

Read More »

Retail properties in downtown SB change hands

A commercial real estate company in Orange County has purchased two occupied retail buildings in San Bernardino. Wood Investments Cos. Inc. bought Food 4 Less and Ross Dress for Less,  both in the 500 block of West 2nd Street, the heart of the city’s downtown, according to a statement. The …

Read More »