Most U.S. renters can’t afford the monthly rent on a median-priced apartment, a report has found. The typical renter household earns about $54,712 a year, 17.3 percent less than is needed to pay the median monthly rental rate of $1,653, according to a study released June 24 by Redfin, a …
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A 5,000-square-foot parcel in Murrieta that is occupied by a Chick-fil-A has been sold for $6.5 million. The restaurant at 27960 Clinton Keith Road opened in March and has a 15-year ground lease attached to it, according a statement released June 24. SRS Real Estate Partners in Dallas represented the …
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Progressive Real Estate Partners in Rancho Cucamonga will market Chino Hills Marketplace, the regional shopping center next to the 71 Freeway. Paul Su and Roxanne Klein, both vice presidents of retail leasing and sales, have been selected to conduct second-generation leasing at the 310,600-square-foot facility, according to statement on Progressive’s website. …
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California’s housing market took a slight downturn in May, thanks mainly to interest rates that returned to where they were at the end of last year. Sales of existing single-family homes totaled 272,410 last month, seasonally adjusted, down 1.1 percent from 275,540 in April and down six percent from 289,860 …
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A 59-unit affordable housing project complex for seniors is under construction in downtown Riverside. Mulberry Gardens is being developed at 2520 Mulberry Street and is expected to take one and a half to two years to complete, according to a statement on the city’s website. Riverside and Eden Housing Inc. …
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Two industrial buildings in Temecula that combined cover 166,000 square feet have been sold. The structures, at 26201 Ynez Road and 42259 Rio Nedo Road, were bought recently by Cire Equity in San Diego for $24 million, according to a statement. The seller’s name was not disclosed. The sale price is …
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IE Business Daily Business news for the Inland Empire.
