U.S. home prices, including distressed sales, rose sharply in September, mostly because of a low of inventory that is driving up prices in most markets, according to data released Tuesday. Nationwide, the average price of a home was up seven percent compared with September 2016 and nearly one percent compared …
Read More »Apartment portfolio sold
A pair of apartment complexes in Colton have been sold for a combined $33 million. San Diego-based Logan Capital Advisors, a development company that specializes in affordable housing, bought the properties at 2270 Cahuilla St. and 1333 Reche Canyon, which combined include 214 units. Average size per unit is 800 …
Read More »Pending home sales fall again
California’s pending home sales dropped for the third consecutive month in September. Compared with September 2016, pending sales of houses and condominiums were down six percent last month, according to data released by the California Association of Realtors. Compared with August, the news was a little more encouraging, as pending …
Read More »Sales drop as home prices reach 10-year peak
Home sales in Southern California in September fell to a three-year low for that month, according to data released this week. A total of 20,956 new and resale houses and condominiums changed hands during that month, down 12.9 percent from August and 1.7 percent year-over-year, Irvine-based CoreLogic reported in its …
Read More »IE office market stays afloat
The Inland Empire absorbed nearly 30,000 square feet of office space during the third quarter, according to CBRE Group Inc. No office buildings were under construction in the two-county region during that time – all of the new space happened in buildings already online when the quarter began – and …
Read More »Prime commercial property in Hesperia goes on the market
Progressive Real Estate Partners, one of the Inland Empire’s leading commercial real estate brokerages, is listing approximately 55 acres of prime commercial property in Hesperia. The first parcel, which covers 45 acres, is next to Interstate 15 and the Ranchero Road off-ramp/overpass, according to a statement posted on Progressive Real …
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