In other housing news, cash sales of homes and condominiums were down nationwide in November. Cash transactions made up 32.4 percent of all home sales during the next-to-last month of 2016, down 4.5 percent year-over-year, according to data released Monday by CoreLogic. That was 14.2 percent below the peak the …
Read More »Housing market starts 2017 strong
January was a solid month for home sales in Southern California. A total of 15,422 new and previously occupied houses and condominiums were sold in the six-county region last month, the most sold in during January since 2013, Irvine-based CoreLogic reported Monday. That marked a 24.6 percent drop from December …
Read More »Office campus sold
Newmark Grubb Knight Frank has completed the sale of Empire Towers I-IV, an office development in Ontario. The complex, which covers 400,976 square feet, sold for $78.5 million, according to a statement released Tuesday. The seller was a joint venture between CIP Real Estate in Irvine and Guggenheim Partners LLC, …
Read More »Housing market starts 2017 strong
California’s housing market got off to a solid start in January. Single-family home sales totaled 420,100 during the first month of the year, up 2.1 percent compared with December and 4.4 percent year-over-year, according to the California Association of Realtors. The median price of a single-family home last month was …
Read More »Housing affordability remains steady
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. …
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