The foreclosure rate on outstanding mortgage loans in the Inland Empire during June was 0.55 percent, down 0.20 percentage points year-over-year, according to data released Wednesday. Foreclosure activity in Riverside and San Bernardino counties was below the national rate in June, which was 0.95 percent, Irvine-based CoreLogic reported in its …
Read More »Judge OK’s Approval of Mega Industrial Project
A judge has upheld Moreno Valley’s approval of the proposed World Logistics Center. Riverside County Superior Court Judge Sharon Waters ruled that the city council did not circumvent state environmental laws when it approved the proposal based on the nearly 50,000 signatures gathered on its behalf, according to a city …
Read More »Southern California Home Sales Tumble
Home sales in Southern California fell 10.7 percent in July year-over-year, the largest 12-month decline of any month in almost two years, according to data released Wednesday. In the Inland Empire, sales of new and resale houses and condominiums were down 7.8 percent in Riverside County and 11.6 percent in …
Read More »SB County Retail on the Rise
More than one million square feet of retail development is being planned or is under construction in San Bernardino County, the county reported Monday. A stronger economy, better housing and population growth – San Bernardino County has gone from 2,121,088 residents last year to 2,139,570 residents this year, an increase …
Read More »UCR Housing Complex Sells
International Village, a 92-unit student housing complex on the campus of UC Riverside, has been sold. The multifamily project, which was built in 2001 exclusively for student use, sold for $20 million to an investment group in the San Gabriel Valley, said Otto Ozen, executive vice president with The Mogharebi …
Read More »Assisted-Living Community Nears Completion
Murrieta will soon have a much-needed assisted-living and memory-care facility. Renaissance Village Murrieta, a 225-bed community that will include a 2,500-square-foot rehabilitation center, is expected to open its first phase this fall, said Aaron Rintamaki, assistant planner with the city of Murrieta. Developer Continental East Development in Murrieta has not …
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