An Orange County developer wants to put light industrial buildings on the parcel next to Interstate 10 near Vineyard Avenue. The land, which is privately owned, is a commercial developer’s dream, but it’s been vacant for more than 50 years. The largest parcel of undeveloped commercial property in the Inland …
Read More »Foreclosures take a fall
More good housing news: foreclosures fell dramatically across the country during the first month of this year. The national foreclosure inventory dropped 33.2 percent year-over-year in January while completed foreclosures fell 22.5 percent during that time, according to data released Tuesday by CoreLogic in Irvine. Forty three thousand foreclosures were …
Read More »Cash sales of homes continue to drop
Cash sales made up 35.5 percent of all home sales in December, down three percentage points compared with the previous year. That marked 24 consecutive months of year-over-year declines in cash sales, according CoreLogic, which issued its monthly report on cash transactions in the U.S. housing market Monday. Cash purchases …
Read More »Another supermarket chain to test So Cal market
A grocery store chain in the Pacific Northwest will open 83 stores in California in locations that are occupied by Albertsons or Vons. Haggen, based in Bellingham, Wash., bought 146 of 168 stores that both chains were ordered to sell as the result of a merger agreement that was reached …
Read More »Don’t look now, but the housing market isn’t exactly booming
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 …
Read More »Project could bring 5,000 jobs to Ontario
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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