Wednesday , April 17 2024

Real Estate

CAR likes proposed state budget

Members of the California Association of Realtors have found several things to like in Gov. Gavin Newsom’s proposed 2021 state budget. “As champions for homeownership and housing affordability for all Californians, the California Association of Realtors and its membership … are highly encouraged by Gov. Gavin Newsom’s 2021 budget proposal,” …

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Restaurant chain to expand to Moreno Valley

Sold Sign

A recently remodeled restaurant in Moreno Valley has been sold for $1.6 million. Carnitas al Estilo Michoacan will open its second location in the free-standing structure at 23040 Alessandro Blvd., according to a statement released by Progressive Real Estate Partners in Rancho Cucamonga. Progressive Real Estate helped negotiate the sale …

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Home prices take big jump

Home prices nationwide rose 8.2 percent in November year-over-year, the largest such increase since March 2014, according to data released Tuesday. Compared with October, prices rose 1.1 percent, Irvine-based CoreLogic reported in its monthly assessment of U.S. housing prices. Prices of single-family homes and condominiums rose consistently during 2020, with …

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Historic buildings sell for $3.5 million

building sold

A mixed-use facility in Redlands that traces its roots to the late 19th century has been sold. The two-building complex at 21 W. Stuart Ave., which covers nearly 16,300 square feet, sold recently for $3.5 million, according to a statement released by CBRE, which helped negotiate the sale.  The buyer …

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CBRE brokers sale of Ontario apartment complex

Sold Sign

CBRE has negotiated the sale of a 14-unit apartment complex in Ontario. Golden Management, a California-based investor, bought the property for $2.5 million, according to a statement. The seller was REF Investment, a limited liability company. Located at 565 West D St., the 10,246 square-foot complex was built in 1962. …

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Homeowner equity posts strong gains

Homeowners with mortgages saw the equity in their homes increase by an average of 10.8 percent between this year’s third quarter and the third quarter of 2019, a recent study has found. Nationwide, that represented a collective equity gain of approximately $1 trillion – an average of $17,000 per homeowner …

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