Pending sales of single-family homes fell one percent nationwide in September, the largest month-over-month drop in five months, according to a report. Transactions in which the seller has accepted an offer but the sale is not final were down in 30 of the 50 largest metro areas last month, Seattle-based …
Read More »Mixed-use project in Rancho Cucamonga gets financing
Financing has been arranged for a planned mixed-use development in Rancho Cucamonga. Marcus & Millichap Capital Corp. has secured $64 million for the construction of a multifamily, retail and commercial project at 8500 Haven Ave., according to a statement. The financing took six months to arrange. Los Angeles-based Parkview Financial, …
Read More »High Desert retail building sells for $1.9 million
A multi-tenant retail building in Yucca Valley has been sold for $1.9 million. The structure at 57990 29 Palms Highway is occupied by Crazy Bargains, Luxury Nail Spa and No Limits Boutique, all discount and service-oriented tenants, according to Progressive Real Estate Partners in Rancho Cucamonga. Other tenants in the Stater …
Read More »National housing market sluggish
Nationwide listings of single-family homes for sale fell 1.4 percent between July and August, the largest decline in that category since June 2023, according to a recent report. Sales rose 9.7 percent compared with August 2023, the smallest year-over-year increase since March 2024, reported Redfin, the Seattle-based residential real estate …
Read More »State housing market bounces back slightly
Sales of single-family homes in California rose slightly in August, the result of an improvement in mortgage rates and a leveling off of home prices. Closed escrow sales totaled 264,240 last month, a 0.9 percent increase from July, and essentially unchanged year-over-year, according to the California Association of Realtors. Those …
Read More »Chino retail property sold for $7 million
A retail parcel in Chino occupied by a 7-Eleven and a Laredo Taco Company has been sold for $7 million in an all-cash transaction. The property in the 15600 block of Hellman Avenue is part of The Preserve, a 5,400-acre master-planned community, according to Hanley Investment Group Real Estate Advisors …
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IE Business Daily Business news for the Inland Empire.