The California Association of Realtors is praising the U.S. Department of Housing and Urban Development for reducing the annual mortgage insurance premium on loans insured by the Federal Housing Administration, a move it said will lead to more homeownership in California. “Today’s move by HUD and the FHA to lower …
Read More »Future 7-Eleven stores sold
Two 7-Eleven stores under construction in Riverside County have been sold for a combined $10.1 million. The first store, a 3,494-square-foot structure on one acre at Golf Center Parkway and Avenue 45 in Indio, sold for $5.1 million, according to Hanley Investment Group Real Estate Advisors in Newport Beach. The …
Read More »State home sales inch up
Sales of existing single-family homes in California totaled 241,520i in January, up slightly from December but a 45.7 percent drop from one year earlier, according to a report released today. Statewide, the median home price in the first month of 2023 was $751,330, down three percent from December and a …
Read More »Progressive arranges three cookie store leases
Progressive Real Estate Partners in Rancho Cucamonga has negotiated three leases for the franchisee of a popular cookie store chain. All three Crumbl Cookies sites are on the east end of the San Gabriel Valley: Diamond Bar (1,685 square feet at 2438 Golden Springs Drive), Glendora (1,200 sf at 1385 …
Read More »Shopping center sells for $24.6 million
A grocery-anchored shopping center in Menifee has been sold for $24.6 million. Tourmaline Capital, a San Diego-based real estate investments firm, sold the property to a private investor, according to JLL Capital Properties. JLL’s Irvine office represented Tourmaline Capital in the negotiations, which were completed last month. The buyer’s name …
Read More »Report: Buying a house remains out of reach for most
Only 17 percent of California households could afford a median-priced home – $790,020 – during the last quarter of 2022, according to a study released this week. That was an 18 percent drop from the previous month and a 25 percent decline from the last three months of 2021, the …
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