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Slight drop in “Super Saturday” shopping expected

Record sales for holiday retail

More than 148 million people plan to shop the Saturday before Christmas, either in-store or online, according to the National Retail Federation. That would be a drop of about two million shoppers from last year’s “Super Saturday,” the Washington, D.C.-based trade association reported as the holiday shopping season approached its …

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Ontario parcel set for homes converts to industrial

An Ontario property originally intended for houses will instead be home to a “big-box” industrial project. Dermody Properties will develop Logisticenter at Ontario Ranch on a 54.4-acre parcel at Hamner Avenue and Ontario Ranch Road, the Reno-based company announced Tuesday. Logisticenter will consist of one industrial warehouse that will cover …

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National, foreclosure rates hit record lows

Nearly four percent of all U.S. mortgages were in some state of delinquency – at least 30 days or more past due – in September, a 2.4 percent year-over-year decrease, according to data released this week. Adverse delinquencies – 60 to 89 days past due – were at 0.3 percent in September, …

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Foreign investor buys Ontario apartment complex

Sold Spelled in Tiles

A 75-unit apartment complex in Ontario has been sold for $28 million. The property, at 840 Magnolia Ave., was purchased by a private foreign investor whose name was not released, according to CBRE Ontario, which brokered the deal. The seller was a private investor who also wished to remain anonymous. …

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