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 …
Read More »Inland Empire Foreclosures Drop
More good news for the Inland Empire housing market: foreclosures among outstanding mortgage loans in the two-county region was 0.60 percent in May, a year-over-year drop of 0.16 percent, according to data released Thursday. Foreclosures in the Riverside-Ontario-San Bernardino market during May were below the one percent national rate, Irvine-based …
Read More »Inland Empire Industrial Market Stays Hot
The Inland Empire’s industrial market ended the second quarter with a vacancy rate of 3.1 percent, having absorbed 4.6 million square feet of space during that three-month period, according to data released Wednesday. In all, 13 million square feet of new industrial product was delivered in Riverside and San Bernardino …
Read More »Cash Sales of Inland Empire Homes Below National Rate
Cash transactions accounted for 25.1 percent of all home sales in the Inland Empire during November, according to data released Wednesday. That was virtually unchanged from April 2015 – a drop of 0.4 percent – but it was below the national rate of 31.6 percent, Irvine-based CoreLogic reported. During the …
Read More »IE Posts Solid Retail Numbers
The Inland Empire’s retail market continued to improve during the second quarter of 2016, with vacancy down and net absorption up during that three-month period. Vacancy in the two-county region was 9.6 percent, among the lowest rate recorded since the start of the recession in 2008, according to CBRE’s Inland …
Read More »
IE Business Daily Business news for the Inland Empire.