The Southern California housing market hit a bump in the road in April, experiencing a year-over-year drop for the second time in 12 months. Sales in the six-county region were down 3.2 percent compared with April 2016, Irvine-based CoreLogic reported its monthly report on the Southern California housing market, which …
Read More »New Retail Center Lands More Tenants
Perris Marketplace, the recently opened retail center that is anchored by a Super Walmart, has announced the signing of eight new leases. Chipotle, Pacific Dental, Pieology, Popeyes, T-Mobile, Verizon, Waba Grill and Yogurtland will all locate at the shopping center at 1700 N. Perris Blvd. near Interstate 215, according to …
Read More »Furniture Mover Leases Moreno Valley Building
A company that specializes in transporting furniture has leased an industrial building in Moreno Valley that it will use for warehousing and distribution. Wiseway Transportation Services will occupy the 187,800-square-foot building at 24901 San Michele Road beginning Monday, according to a statement on the city’s website. About 15 people will …
Read More »Housing Affordability Improves
Forty eight percent of Inland Empire households could afford the median price of a single-family home in the region – $297,850 – during the first quarter of this year, according to data released Tuesday. That was a three percent improvement compared with the fourth quarter of 2015 but was essentially …
Read More »Distressed Sales Keep Falling
Distressed sales made up 10.3 percent of all homes sales in the Inland Empire during February, according to data released Thursday. That was down from a peak of 76.3 percent in February 2009, a drop of 66 percent, Irvine-based CoreLogic reported in its monthly analysis of distressed home sales in …
Read More »Local Retail Brokerage Team Jumps Ship
One of the Inland Empire’s top retail brokerage teams is switching jerseys. Scott Kaplan and Erik Westedt have been hired by JLL away from CBRE Group Inc., according to a statement released Tuesday. The duo, which has completed more than $5 billion worth of transactions, will work out of JLL’s Ontario …
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