The mega-industrial project approved in Moreno Valley figures to trigger a spate of lawsuits, but anyone wishing to file one needs to work quickly. It’s not clear whether the project’s opponents can stop the development or merely force a repeat of the approval process. The Moreno Valley city council and …
Read More »Industrial properties sold
Two Inland industrial properties, one in Montclair and the other in Fontana, have been sold. Newmark Grubb Knight Frank negotiated the $4.7 million investment sale, according to a statement released Wednesday. Both properties are occupied by United Rentals, the international equipment rental company. One property is at 10632 Monte Vista …
Read More »Home prices rise again
The price of a single-family home in the United States continues to get more expensive. Home prices, including distressed properties, rose 6.9 percent year-over-year in July, Irvine-based CoreLogic reported. Prices were up 1.7 percent compared with June, according to the July 2015 CoreLogic Home Index, which was released Tuesday. Not …
Read More »More good housing data
Pending home sales were essentially flat in July, although they remained well ahead of where they were one year ago, a positive sign for the country’s housing market. Nationwide, pending sales were up only 0.5 percent from June but were up 7.4 percent compared with July 2014, according to the …
Read More »Local Lobbyist is Policy Advocate for Inland Realtors
For Paul Herrera, helping to remove the roadblocks that licensed Realtors face is a full-time endeavor. As government affairs director for three local associations – the Inland Valley Association of Realtors, Inland Gateway Association of Realtors, and the California Desert Association of Realtors – he works to impact public policies …
Read More »Small retail center is sold
A neighborhood retail center in Riverside has been sold. Tyler Village, an eight-building development near Galleria at Tyler, sold for $13 million, according to Faris Lee Investments, which represented both parties in the transaction. The sale was announced Monday. The buyer and seller were identified only as private investors in …
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