Real Estate

A 66,000-square-foot commercial building at the Southern California Logistics Airport in Victorville has been sold. Exquadrum Inc., a defense contractor, bought the building for $4.3 million and will use it as its corporate headquarters, according to Stirling Capital Investments in Foothill Ranch, the airport’s master developer. The seller’s name was …

Five point eight percent of all U.S. mortgages were in some state of delinquency in December, a 2.1 percent year-over-year increase, according to data released last week. Early-stage delinquencies – 30 to 59 days past due – were at 1.4 percent, down from 1.8 percent in December 2019, while mortgages 60 …

Thanks to a public-private partnership, a rundown multifamily project has been restored and made livable. The Golden California Apartments could serve as a model for other residential restoration projects in the city, according to officials. On Thursday, members of the San Bernardino City Council are scheduled to gather at an …

A 77,000-square-foot indoor retail center in San Jacinto is on the market. Farmer’s Corner is available for $4.3 million, according to Progressive Real Estate Partners in Rancho Cucamonga, the real estate brokerage marketing the property. Built in 1980, the western-themed shopping mall at 2500 S. San Jacinto Ave. is owned …

U.S. home prices rose 10 percent in January, the highest year-over-year increase in more than seven years. Low mortgage rates left over from 2020 encouraged first-time homebuyers to try the housing market, allowing home price to remain strong despite economic uncertainty, according to CoreLogic in Irvine. “Record-low mortgage rates were …

A 32-unit apartment complex in Riverside has sold for $5.4 million. Located at Madison Street and Magnolia Avenue, the two-story multifamily property has exclusively one-bedroom floorpans, according to a statement released today by CBRE. The purchase price works out to $170,000 per unit. Brian and Sue McMillan were the sellers …