Sales are down over the last six months, and no one seems to know why. Lack of inventory is one possible explanation, along with high prices, but jobs and income are both growing. So why aren’t more people buying houses? Has Southern California’s housing recovery ground to a halt? That …
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An Irvine-based development group is buying 150 acres of open space in Ontario, where it plans to build light-industrial buildings. The land, at the southeast corner of Fourth Street and Vineyard Avenue next to Interstate 10, has been owned by the Meredith Family Trust for about 50 years, according to …
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A mixed-use complex in Ontario that fell into bankruptcy is back on the market. Plaza Continental, at Inland Empire Boulevard and Porsche Way immediately north of Interstate 10, is being marketed by Keen-Summit Capital Partners LLC in New York, according to a statement. The 120,000-square-foot center consists of restaurants and …
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A 44-year-old apartment complex in Moreno Valley has been sold. Hemlock Terrace, a 15-unit structure at 23889 Hemlock Ave. north of the 60 Freeway, sold for $1.2 million, said Kevin W. Boeve, regional manager for Marcus & Millichap Ontario. The buyer and seller were each described as private investment groups …
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U.S home prices rose 1.1 percent in January month-over-month, according to data released Tuesday. The increase compared with January 2014 was more substantial – 5.7 percent – CoreLogic’s monthly report on national housing prices stated. Twenty seven states and the District of Columbia were either at or within 10 percent …
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A public parking lot in downtown Upland will become the first commercial and residential development in that part of the city. The multi-story project, which the city council approved last month, will cover 34,450 square feet at the southwest corner of Third Avenue and C Street, according to a report …
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IE Business Daily Business news for the Inland Empire.
