Home prices in the Inland Empire rose 5.9 percent in September compared with exactly one year earlier, according to data recently released. Nationwide, home prices rose 6.3 percent in September year-over-year, Irvine-based CoreLogic reported in its monthly study of home prices. Those numbers include distressed sales, which means a property …
Read More »High Desert industrial project creates 125 jobs
Stirling Capital Investments has completed a 447,740-square-foot industrial facility at the Southern California Logistics Centre in Victorville. The building, at the southwest corner of Phantom West and George Boulevard, was pre-leased by Arden Cos., a manufacturer of outdoor furniture and decor, and Newell Brands, a consumer goods company, according to …
Read More »Pending Home Sales Inch Up
Pending home sales in California were up slightly in September, amid signs that the region’s overall housing market might be cooling off. Statewide, pending sales – meaning a contract has been signed but the sale has not yet closed – were up 5.2 percent compared with August and 10.5 percent …
Read More »Housing Market Drops Slightly
Southern California’s housing market suffered a slight drop in September, as sales were down nearly one percent year-over-year. Overall, 20,927 new and resale houses and condominiums were sold in the six-county region last month compared with 21,093 in September 2015, according to data released Wednesday by CoreLogic in Irvine. Despite …
Read More »Retail Site in Moreno Valley Sold
A retail site in Moreno Valley that is anchored by an El Pollo Loco restaurant has been sold. The property, at 15135 Perris Blvd, sold for $1.62 million, according to a statement released Tuesday by Ferris Lee Investments. Opened two months ago, the 2,975-square-foot project is at Perris Boulevard and …
Read More »WLC Lawsuits Settled
The South Coast Air Quality Management District has settled two lawsuits connected with the planned World Logistics Center in Moreno Valley. Developer Highland Fairview will pay an extra air quality improvement fee of 64 cents per square foot for each of the buildings in the massive warehouse-distribution operation, according to …
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