An ice manufacturer and distributor will occupy an industrial building in Lake Elsinore that was completed earlier this year. An entity of San Diego Ice Co. paid $3.4 million for the 24,000-square-foot building in Fairway Business Park, according to Avison Young, the commercial real estate firm that helped negotiate the …
Read More »Delinquent mortgage payments drop
The Inland Empire’s mortgage delinquency rate dropped slightly between February 2017 and February of this year, according to data released Tuesday. Four point two percent of all mortgages in Riverside and San Bernardino counties were delinquent by 30 days or more in February, a .4 percent drop year-over-year, Irvine-based CoreLogic …
Read More »U.S. home prices climb
Home prices nationwide were up in March, the result of a lot of potential buyers but not enough houses to meet demand, according to report released Tuesday. Prices rose seven percent year-over-year and 1.4 percent compared with February, Irvine-based CoreLogic reported in its monthly Home Price Index. “Home prices grew …
Read More »Inland office market might be stronger than it appears
The numbers aren’t through-the-roof, but there’s reason to believe the market might be stronger than the data indicates. On the surface, the Inland Empire office appears to be plodding along, keeping its head above water but not accomplishing much else. The first quarter numbers from two major brokerages tell a …
Read More »Southern California home prices soar
Southern California’s median home price rose 8.4 percent in March, as too many buyers pursued too few new and existing houses and condominiums. The region’s median price, 519,000, was a $40,000 increase from March, 2017, according to Irvine-base CoreLogic’s monthly housing report, which was released Monday. That was also the …
Read More »IE retail has solid first quarter
The Inland Empire posted strong retail numbers during the first quarter, bolstered by five shopping centers completing construction during that time. Riverside and San Bernardino counties added 355,725 square feet of retail space during that time while absorbing nearly 20,000 square feet, according to CBRE. Leases averaged $2.00 per square …
Read More »