Home prices increased 3.7 percent in March year-over-year, according to date released Tuesday. Prices also rose one percent between February and March, but the price growth that has been a hallmark of the nation’s housing market for more than a year is definitely slowing, according to CoreLogic’s monthly home price …
Read More »Rockefeller Group to build DC in Moreno Valley
Rockefeller Group, a worldwide private real estate developer, will develop a 203,000-square-foot warehouse-distribution facility in Moreno Valley. The New York-based company has purchased 8.7 acres in the Centerpointe Commerce Center and will begin working on the project this fall, according to a statement. Rockefeller Group paid $5.9 million for the …
Read More »SC home prices finally drop
For 83 straight months, median home prices in Southern California have risen year-over-year. No more. That streak ended last month, when the median price of a single-family home or condominium dropped 0.1 percent, from $519,000 to $518,500, according to data released by CoreLogic in Irvine. That was the first year-over-year …
Read More »Moreno Valley shopping center is sold
Towngate Center, a shopping center in Moreno Valley, has been sold. Brixton Capital recently sold the 290,000-square-foot facility for $51 million, according to a statement. The buyer’s name was not disclosed. Located at 12625 Frederick St., Towngate Center is 95 percent leased. Its tenants include TJ Maxx/Home Goods, BevMo, Ross …
Read More »Homebuilder announces Ontario project
Los Angeles-based KB Homes will build a tract of single-family homes in Ontario. Countryside will be 52 one and two-story homes that will range from 1,800 to $2,500 square feet, have three floor plans, walk-on closets and up to five bedrooms, according to a statement. The development will be near …
Read More »Too many regulations, along with NIMBYism, are stifling the state’s housing industry
That’s the conclusion of a UC report that tries to explain California’s housing shortage. Some people have been saying that for a long time. For years, homebuilders in California have decried the excessive regulations they must deal with, both locally and on the state level. They point to that as …
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