A retail building in Colton once occupied by Kmart has been sold. The property at 1175 S. Mount Vernon Ave. was purchased for $5.3 million, according to a statement released Tuesday by CBRE Group Inc. The buyer, a private investor in Orange County whose name was not released, plans to …
Read More »Inland delinquent mortgages drop
Four point three percent of all Inland Empire mortgages were delinquent by at least 30 days in September, a drop of 0.5 percent year-over-year, according to data released Wednesday. Inland mortgages in serious delinquency – 90 days or more past due – totaled 1.4 percent in September, down 0.3 percent …
Read More »Fewer “underwater” homes in IE
Five point three percent of all Inland Empire homes with a mortgage were in negative equity during the third quarter, according to data released Thursday. That was a five percent drop year-over-year and a one percent decline from the second quarter of this year, CoreLogic reported in its latest home …
Read More »Furniture company buys Eastvale industrial building
One of 10 industrial buildings at an Eastvale industrial park has been sold. Parker House Furniture has bought the 271,140-square-foot structure at 6300 Providence Way, according to CBRE Group Inc. The building, which the furniture manufacturer plans to use for warehousing and distribution, is part of The Campus, a group …
Read More »Home prices nationwide continue to rise
U.S. home prices were up seven percent in October year-over-year, the second consecutive month prices have risen by that amount compared with the previous year. Compared with September, home prices nationwide – including distressed sales – rose just short of one percent, according to Irvine-based CoreLogic, which released its monthly …
Read More »New industrial project in Perris leases space
Hardwoods Speciality Products, a leading distributor of hardwood veneers, plywood and solid lumber products, has leased warehouse-distribution space in Perris. The 147,000-square-foot building is part of the Harley Knox Logistics Center, a new Class A industrial facility at 17610 Harvill Ave., according to a statement released Thursday. San Francisco-based Newcastle …
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