Real Estate

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 …

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 …

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 …

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. …

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 …

The market might manage a few small improvements in 2021, but don’t look for anything substantial until at least 2022. COVID-19 hit every sector of the Inland Empire economy hard, and nowhere did it hit harder than the region’s office market. Most of the numbers that determine whether a market …