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Tag Archives: Real Estate

High Desert retail property sold

High Desert retail property sold

A Victorville building occupied by AutoZone and Dollar Tree has been sold for $4.6 million. The 19,300-square-foot structure that is home to both tenants was formerly occupied by Rite Aid and refurbished two years ago, according to Hanley Investment Group Real Estate Advisors in Corona Del Mar. That structure at …

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U.S. home payments rise

U.S. home payments rise

The median monthly home payment rose 1.4 percent nationwide during the four weeks that ended June 28, the first year-over-year increase in that category since October, according to a report. Based on a 6.5 percent mortgage payment, the median monthly house payment at the end of June was $2,633, Seattle-based …

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Rancho Cucamonga shopping center changes hands

Rancho Cucamonga shopping center changes hands

A 17,000-square foot shopping center in Rancho Cucamonga has been sold. Allmark Plaza, an unanchored neighborhood facility at 10060-10080 Arrow Route, was purchased for $6 million by an Orange County investor, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive Real Estate represented the buyer, who declined to be …

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Temecula industrial project sold

Temecula industrial project sold

An industrial park in Temecula has been sold for $13.5 million. Jewel Capital LLC, a commercial real estate investment firm, recently bought the 68,000-square-foot project at 40880, 40935 and 40945 County Center Drive, according to a statement released by CBRE. CBRE represented the seller, South La Brea LLC, also an …

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Home prices rise nationwide

Home prices rise nationwide

U.S. home prices rose 0.3 percent between April and May, seasonally adjusted, the highest increase since January, according to a report. Year-over-year that number was 2.5 percent, the fastest growth in that category – which covers March, April, and May – in six months, Seattle-based Redfin reported. “Buyers got a …

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U.S. home payments hit record high

Home-sale cancellations rise

The U.S. median monthly home payment reached $2,647 during the four weeks that ended June 14, its highest rate in one year, according to a report. That was $100 less than the all-time highest payment, which was recorded two years ago, Seattle-based Redfin reported. “Housing payments are rising because both …

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