On the other hand, they aren’t on the verge of collapse, according to some experts at a recent housing conference. The problem of how to get more houses built, however, remains. The Southern California housing market is definitely in a rut. How much of a rut remains to be seen, …
Read More »Riverside fast-food site is sold
A retail property in Riverside that is home to a Jack in the Box restaurant and a Verizon cell phone tower has been sold. The site, at 1115 W. La Cadena Drive near Interstate 215 and Columbia Avenue, sold for $2.3 million, according to a statement released Monday by Hanley …
Read More »Local BIA leader offers praise to Gov. Gavin Newsom for SB 201
Carlos Rodriguez, chief executive officer of the Baldy View chapter of the Building Industry Association of Southern California offered praise about the state’s Democratic leader during the chapter’s annual housing conference, which was held Friday in Ontario. Rodriguez mentioned Governor Newsom’s support of Senate Bill 201, which was incorporated into …
Read More »Redlands company buys Corona industrial building
A 245,000-square-foot industrial building in Corona has been sold. The building, at 2455 Wardlow Road, was sold to Precision Screen & Security in Redlands for $26.5 million, according to a statement released by CBRE. CBRE represented the seller, America YouCare Pharma, which has owned the building since 2015. The structure …
Read More »Chicken restaurant to open second Ontario site
A fast-food chain that specializes in chicken fingers has agreed to lease a site in Ontario. Louisiana -based Raising Cane’s Chicken Fingers will occupy a 3,200-square-foot structure under construction at 1437 N. Mountain Ave., according to Progressive Real Estate Partners in Rancho Cucamonga. The site, at Mountain Avenue and Sixth …
Read More »SoCal home sales fall for 10th consecutive month
Sales of new and existing single-family homes and condominiums in Southern California totaled 22,300 in May, according to data. That was a decline of 2.7 percent compared with May 2018, Irvine-based CoreLogic reported in its monthly assessment of the region’s housing market. Sales in Southern California – the Inland Empire plus …
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