Real Estate

COVID-19 continued to take a bite out of the Inland Empire office market during the fourth quarter. The two-county region recorded negative absorption of 64,148 square feet and a vacancy rate of 10.1 percent, according to CBRE. Inland Empire East accounted for most of the occupancy loss throughout the year …

In November 2020, 5.9 percent of all U.S. mortgages were at least 30 days past due, a year-over-year increase of two percent, according to data released earlier this week. That was the lowest delinquency rate recorded since March, Irvine-based CoreLogic reported in its monthly assessment of U.S. mortgage loans. Early-stage …

The city council is scheduled to discuss two proposed mixed-use projects for the 43-acre site, which has been vacant since the mall closed nearly four years ago.  Whatever is built there will help determine the future of downtown San Bernardino. Could San Bernardino finally be on the verge of fixing …

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 …

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 …

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 …