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State housing market stays sluggish

U.S. home prices record annual decline

Sales of existing single-family homes in California totaled 240,940 in September, down 5.4 percent in August and 21.5 percent from one year earlier, according to data released today. The median price of a single-family home last month was $843,340, down 1.2 percent from August but up 3.2 percent year-over-year, the …

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Moreno Valley wins tech award, again

Moreno Valley has received the Excellence in Information Technology Practices Award from the Municipal Information Systems Association of California. This is the 21st consecutive year Moreno Valley has won the award, which recognizes “municipalities that meet strict information technology standards in the public sector,” according to a statement on the …

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Upland medical building sold

A medical office building in Upland has been sold for $8.8 million. The three-story structure at 400 Mountain Ave. was sold by Harbor Associates LLC, a property investment company in Seal Beach, to a local medical user who was not identified, according to CBRE. “This was an opportunity to acquire …

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Ontario International passenger count keeps rising

ONT nearly back to pre-pandemic passenger levels

Passenger traffic at Ontario International Airport increased 7.6 percent in September, according to data released today. Five hundred and fifty-six thousand air travelers passed through the airport last month, nearly 40,000 more than in September 2022, the Ontario International Airport Authority reported. Domestic passengers increased 3.5 percent, to 520,000, while …

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Inland industrial market slows

IE manufacturing

After several years of solid – and occasionally spectacular – growth, the Inland Empire industrial market is starting to lose steam. Vacancy rose to 3.9 percent year-over during the third quarter, to 25.6 million square feet, according to Voit Real Estate Services. The industrial vacancy rate in Riverside and San …

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