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 …
Read More »Home Prices Keep Increasing
Home prices, including distressed sales, increased in the Inland Empire during June, according to data released Tuesday. Prices were up 5.8 percent year-over-year and 0.6 percent compared with May, Irvine-based CoreLogic reported in its monthly study on U.S. housing prices. That was essentially the same as the national rate: a …
Read More »Health Club Building Sells
A 33,350-square-foot retail building in Upland has been sold. The freestanding building at 685 W. Foothill Blvd., which is fully occupied by a 24 Hour Fitness, sold for $6 million, according to Irvine-based Faris Lee Investments. That price works out to $180 per square foot, said Jeff Conover, senior managing …
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