Monday , February 26 2024
Breaking News

Tag Archives: Real Estate

Industrial buildings change hands

building sold

A San Diego-based company has purchased nine industrial buildings in Chino for an undisclosed sum. Westcore, an industrial real estate investment company, bought the structures in a portfolio purchase that included similar structures in Valencia in Los Angeles County and Livermore in Northern California, according to a statement. The entire …

Read More »

How can new housing assist with California’s water crisis?

How can new housing assist with California’s water crisis?

The question was a major topic of discussion during the 17th annual Southern California Water Conference hosted by the Building Industry Association of Southern California earlier this month. The half-day conference, held at the DoubleTree Hotel in Ontario, kicked off with balancing California’s water supply with its housing needs. Experts …

Read More »

State home sales decline

Single-family home sales in California totaled 269,180 in July, down three percent month-over-month and nine percent from exactly one year earlier, according to a recent report. Statewide, the median price of a single-family home last month was $832,340, down slightly from June but up 0.2 percent year-over-year, the first increase …

Read More »

Palm Springs affordable housing complex sold

Sold Sign

A 44-unit affordable housing complex in Palm Springs has been sold. Community Preservation Properties paid $11.2 million for Sunnyview Villa at 2950 N. Indian Canyon Road, according to a statement. That property, near the West End Racquet & Health Club, consists of one and two-story buildings for people who earn …

Read More »

State housing affordability drops

Housing affordability in California has fallen to its lowest rate in nearly 16 years, a result of interest rates consistently above six percent and not enough houses being built, according to data released Aug. 11. Only 16 percent of the state’s households were able to afford the $830,620 median-priced home …

Read More »

Trio of industrial buildings change hands

Trio of industrial buildings change hands

A three-building industrial complex in Temecula has been sold. Providence Real Estate Group sold the 68,000-square-foot Highland Business Center for $13.5 million, according to CBRE. The buyer was a Beverly Hills investment company whose name was not released. The buildings are located on 6.3 acres at 40880, 40935 and 40945 …

Read More »