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Real Estate

Inland industrial market immune to pandemic

IE manufacturing

The Inland Empire industrial market continued to post strong numbers during the fourth quarter. Vacancy during the last three months of 2020 was 3.1 percent, down from 3.6 percent in the third quarter and 4.6 percent year-over-year, according to a report released by Voit Real Estate Services. That increase, impressive …

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Medical clinic changes to change locations

building sold

A neurology clinic in Murrieta will move within the city later this year. Innovative Neurology has purchased a 1,800-square-foot retail office building at 24671 Monroe Ave. and will move into the building once renovations are finished, said Scott Forest, a senior vice president with WestMar Commercial Real Estate in Temecula. …

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Popular chicken restaurant to settle in San Bernardino

Dermody signs Eastvale tenant

A restaurant chain that specializes in Nashville-style chicken has leased space in San Bernardino. Dave’s Hot Chicken, which started as a parking lot “pop up” in Los Angeles four years ago, will locate in The Hub shopping center, 1060 E. Harriman Place, according to Progressive Real Estate Partners in Rancho …

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Restaurant building sells for $2.6 million

building sold

A building in Lake Elsinore that’s home to a Chili’s Bar & Grill has been sold for $2.6 million. Built in 2005 and renovated last year, the 6,300-square-foot structure is part of Lake Elsinore Marketplace, a shopping center at 29273 Central Ave., according to a statement. Hanley Investment Group represented …

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Mortgage delinquencies rise

Six-point one percent of U.S. mortgages were in some state of delinquency – 30 days or more past due, including foreclosures – in October, according to data. That was a 2.4 percent increase in the overall delinquency rate from October 2019, when the rate was 3.7 percent, Irvine-based CoreLogic reported …

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CAR likes proposed state budget

State housing affordability improves slightly

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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