Despite the housing recovery, private investors are still buying and refurbishing houses in the two-county region and often selling them for a quick profit. Some say the practice artificially drives up prices and slows the market, but the practice has its defenders. Home flipping is alive and well in the …
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Single-family home sales in California remained sluggish in June. Nearly 395,000 units were sold statewide last month, the eight consecutive month that sales were below 400,000, according to data released Wednesday by the California Association of Realtors. That was a 1.5 percent increase compared with May but a 4.8 percent …
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A two-building office complex in Murrieta has been sold. The buildings at Interstate 15 and Kalmia Street sold for $7.75 million, according to Avison Young, the commercial real estate firm. Avison Young’s Irvine office represented the seller, Village Walk Square LLC, and the buyer, Village Walk Murrieta LP. The sale …
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Home sales and prices in Southern California moved in opposite directions last month. The median price of a single-family home last month was $415,000, an eight-percent year-over-year increase and the highest median price in 77 months, according to DataQuick in La Jolla. While prices soared, sales in the six-county region …
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The Inland Empire office market is showing some signs of life. More than 94,000 square feet of space was absorbed during the second quarter, and more than 152,500 square feet of space was under construction as the quarter ended, according to Voit Real Estate Services’ second quarter report on the …
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A Utah-based homebuilder has bought 291 lots from the Lewis Group of Companies Upland. Woodside Homes paid an undisclosed sum for the parcels, both of which are in master-planned communities in Ontario and Folsom, according to a report in The Press-Enterprise. The local project, Park Place of Ontario, will be …
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IE Business Daily Business news for the Inland Empire.
