Thirty one percent of California households could afford to buy a median-priced home – $511,360 – during the fourth quarter of 2016, according to the California Association of Realtors. That percentage was unchanged from the third quarter but was up 30 percent year-over-year, the association reported, the Los Angeles-based association …
Read More »Neighborhood shopping center sells
Upland Village, a grocery-anchored retail center whose tenants include Grocery Outlet and Dollar Tree, has been sold. The 60,857-square-foot development at the northeast corner of Mountain Avenue and West Eighth Street, sold for $17.2 million, according to statement released by Hanley Investment Group Real Estate Advisors in Corona Del Mar. …
Read More »Inland Empire real estate brokerage sold
An Upland-based affiliate of Century 21 Real Estate LLC has been purchased by another affiliate of that company. The office of Century 21 Prestige was bought for an undisclosed sum by Century 21 Peak in Los Angeles, a real estate brokerage firm and a member of the Peak Corporate Network …
Read More »Industrial project underway
Construction has begun on Columbia Business Park, a 1.4-million-square-foot in Riverside’s Hunter Industrial Park. The speculative project, which is being developed by Trammell Crow Co., will consist of three buildings on 72 acres near the Hunter Park/UC Riverside Metrolink Station, according to a statement released Wednesday. The first phase will …
Read More »National, local home prices continue to climb
Home prices in the United States, including distressed sales, were up 7.2 percent in December year-over-year. Prices were up a minuscule 0.8 percent compared with December, according to data released this week by CoreLogic in Irvine. In the Inland Empire, prices were up 6.1 percent in December year-over-year and 0.1 …
Read More »Upscale apartment project sells
Avison Young has completed the sale of a 206-unit apartment complex in Moreno Valley. Legends at Rancho Belago sold for $33.8 million to a group of private investors, according to a statement released Tuesday. The property at 13292 Lasselle St. was built in 1993 as a 40-unit condominium project. The …
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