Three point six percent of all U.S. mortgages were in some form of delinquency in March, according to data released Monday. That was a 0.4 percent drop from March 2019, when the national delinquency rate – mortgage payments at least 30 days past due, including foreclosures – was four percent, …
Read More »COVID-19 scrambles the logistics industry … in favor of logistics
The greatest health crisis in a century is going to lead to more inventory, according to a leading commercial real estate brokerage. One of the world’s largest commercial real estate brokerages is predicting an increase in industrial inventory in the United States during the next five to seven years, an …
Read More »For now, home prices defy Coronavirus
U.S. housing prices continued to rise in April, defying fears that the COVID-19 pandemic would drive the market to levels not seen since the Great Depression. Nationwide, prices of single-family homes and condominiums rose 5.4 percent in April compared with April 2019, with all 50 states posting an increase, according …
Read More »Rancho Cucamonga industrial building sold
An industrial building in Rancho Cucamonga has been sold for $7.5 million. The structure, at 9568 Richmond Place, covers nearly 43,000 square feet and has more than 7,500 square feet of office space, according to a statement released by CBRE. The buyer was a toy company whose name was not …
Read More »Industrial building goes on the market
A recently completed industrial building in Rialto is available for lease. The 411,300-square-foot warehouse-distribution facility is part of a four-building complex developed by Dermody Properties in Reno, Nev., a real estate investment, development and management company focused exclusively on logistics, according to a statement. The structure, at 1642 W. Miro …
Read More »Multifamily project holds grand opening
A 15-acre apartment community in Menifee is leasing and offering virtual tours. Artesa at Menifee Town Center will include 37 two and three-story walk-up apartment buildings of one, two and three stories, according to a statement. The buildings, designed to look like a Spanish Mission, range from 822 to 1,322 …
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