Padma Laxi, an industrial owner-occupier, has bought a 201,345-square-foot industrial building in Corona. The company paid $20 million for the structure at 1560 E. 6th St., according to a report in globest.com, an online real estate publication. CT Realty, operating as CT Corona Partners I, was the seller. Padma Laxi …
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Pending home sales were up again last month in California, another sign that the state’s housing market is continuing to gain strength. Statewide, pending sales were up 13.6 percent year-over-year in April, the fifth straight month of year-over year gains and third consecutive month of double-digit gains in that category, …
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Nationwide sales of new single family houses were at a seasonally adjusted rate of 517,000 in April, according to a report released Tuesday by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. That was a 6.8 percent increase above the March figure of 484,000, a …
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A major retailer has leased industrial space in Perris. National Stores Inc. has signed a 10-year agreement with Sares-Regis Group to occupy a 579,708-square-foot building at 3900 Indian Ave. said Tom Taylor, senior executive vice president with Colliers International Ontario. The lease is worth $26 million. National Stores is expected …
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A Corona Del Mar developer plans to build 35 single-family homes in Grand Terrace. The Greystone Group has purchased a 3.8-acre parcel of open space at Mt. Vernon Avenue and Interstate 215, said Les Whittlesey, principal with WD Land, a land brokerage company in Irvine. The transaction was announced Tuesday. …
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Housing construction rose substantially last month across the country, making up for some of the slowdown that happened earlier in the year. Housing starts were up 20.2 percent in April compared with March, to a seasonally adjusted annual rate of 1.135 million units, the U.S. Department of Commerce announced Tuesday. …
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IE Business Daily Business news for the Inland Empire.
