A Class-A office building in Corona has been sold. The three-story structure sold recently for $7.1 million and was a little more than half occupied when escrow closed, according to a statement released this week. Avison Young’s Irvine office represented the buyer, Providence Capital Speed Fund II LLC, which is …
Read More »Home sales struggle statewide
Sales of single-family homes in California were down in March compared with the previous year, mostly because of a drop in inventory, according to the California Association of Realtors. About 367,000 single-family homes were sold in March statewide, the highest number of sales recorded in four months, according to the …
Read More »Inland industrial market still solid
The Inland industrial market stayed strong during the first quarter of 2014, with sales and leasing activity totaling nearly six million square feet. That represented a drop of about 1.3 million square feet year-over-year, but that can be attributed to a reduction in desirable industrial space within Riverside and San …
Read More »Housing woes continue
The housing market continued to struggle during March, both regionally and locally. In Southern California, 17,638 single-family homes were sold last month, a 14.3 percent drop year-over-year, according to the monthly housing report released today by DataQuick Information Systems in La Jolla. They were also the lowest sales …
Read More »Retail center changes hands
A retail center in San Dimas has been sold to a group of private investors. The property, a strip center at 702 W. Arrow Highway, sold for $4.8 million, said Frank Vora, an investment sale specialist with Progressive Real Estate Partners in Rancho Cucamonga. The seller was R&N Partners LLC …
Read More »International home buyers like U.S. market
The United States has become the favorite location of international home buyers, with California getting its share of that lucrative business. Eighty five percent of home buyers from outside the country say they only considered purchasing a single-family home in the United States, mostly because of the country’s stable government …
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