A Class-A office building in San Bernardino has been sold. Northpointe sold to TPG Capital & Gramercy Property Trust, a partnership that buys and manages office properties nationwide, for $45 million, according to a statement released Monday by Newmark Knight Frank. The seller was Founders Properties LLC, a privately held …
Read More »U.S. housing prices keep climbing
Home prices, including distressed sales, rose nearly seven percent nationwide in August, year-over-year, according to data released this week. Prices also rose nearly one percent between July and August, Irvine-based CoreLogic reported in its latest Home Price Index. Home prices are expected to go up another 4.7 percent by next …
Read More »Fast-food eatery changes hands
A Jack in the Box restaurant in Pomona has sold for $3.5 million. The property, at 2098 S. Garey Ave. near the 60 and 71 freeways, was sold by 6814 Lankershim Associates LP in Chatsworth to a private investor whose name was not released, according to a statement. The transaction …
Read More »State home market might be slowing
Pending home sales in California slowed for the second consecutive month in August, a sign that the state’s housing market might be starting to soften. Year-over-year, pending sales last month dropped 3.5 percent, according to a report released Tuesday by the California Association of Realtors. Compared with July, pending sales …
Read More »Number of Inland “underwater” homes drops
The number of Inland Empire homes with negative equity dropped during the second quarter, according to a recent report. An estimated 6.3 percent of all homes with a mortgage in Riverside and San Bernardino counties had negative equity during April, May and June, down from 9.0 percent during the second …
Read More »Home sales stay up
Home sales in Southern California were up in August, according to data released this week. A total of 23,862 new and resold homes changed hands in the six-county market last month, a 3.2 percent increase year-over-year, Irvine-based CoreLogic reported in its monthly analysis of the regional housing market. That was …
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