Real Estate

Lewis Retail Centers has started construction on a building at a major retail project it’s developing in Nevada. The structure, which is 60 percent pre-leased, will cover 13,200 square feet at the Damonte Ranch Town Center in South Reno, according to a statement on the Upland-based company’s website. It will …

The median price of a single-family home in California reached $800,000 in April, the first time the state’s housing market has reached that height. Strong demand, and a shortage of homes for sale, caused the market to hit that mark, according to data released this week by the California Association …

Four tenants at San Gorgonio Village in Beaumont have signed leases. Grocery Outlet, which opened last year, and Planet Fitness, which opened last month, both signed 10-year leases to locate at the recently developed shopping center, SRS Real Estate Partners in Newport Beach announced Wednesday. Sherwin-Williams, which will open a …

An e-commerce delivery company has leased industrial space in Ontario. Lake Forest-based Banyan Imports, which delivers products worldwide, will occupy 203,400 square feet at 3551 E. Philadelphia St., according to a statement. The building is part of the California Commerce Center. Newmark represented the landlord in the negotiations, while Banyan …

Twenty seven percent of California households could afford the median price of a single-family home – $720,490 – during the first quarter of 2021, a 35 percent year-over-year drop, the California Association of Realtors reported Tuesday. An annual income of $131,200 was needed to make monthly mortgage payments of $3,280, based …

Five point seven percent of all U.S. mortgages were delinquent in February, according to data released this week. That number, which represents multiple stages of delinquency, was a 2.1 percent increase from February 2020, Irvine-based CoreLogic reported. Early stage delinquencies – 30 to 59 days past due – were at …