An Orange County industrial developer will build a 500,000-square-foot warehouse-distribution facility in Moreno Valley. CapRock Partners in Newport Beach will develop CapRock Global Logistics on 22 acres it has purchased within the World Logistics Center, the planned 2,610-acre industrial park, according to a statement released this week. CapRock bought the …
Read More »Townhomes slated for Ontario
A Dallas-based homebuilder will develop 144 townhomes in Ontario. The neighborhood, Eave II, will be part of the Neuhouse masterplanned community, according to Landsea Homes Corp. The project, which will be developed about two miles south of the Interstate 15/60 Freeway interchange, broke ground recently. Sales are expected to start …
Read More »Home equity drops for the first time in 11 years
U.S homeowners with mortgages saw their equity decrease by 0.7 percent year-over-year during the first quarter of 2023, the first such decline since 2012, according to data released today. That represented a combined loss of $108.4 billion, and an average loss of $5,400 per household since the first three months …
Read More »U.S. home prices keep dropping
U.S. home prices are definitely in decline. Prices of single-family homes went up an average of two percent in April compared with April 2022, the sixth consecutive month of single-digit growth nationwide, according to data released by CoreLogic in Irvine. On the positive side, that was the 135th consecutive month …
Read More »Sprouts to open Rialto store
Sprouts Farmers Market will open a location in Rialto later this summer. The store, at 1524 S. Riverside Ave., is scheduled to open Sept 1, according to a statement. A virtual management hiring event is scheduled for July 12. Candidates should visit https://about.sprouts.com/careers/ and reference Store 450 to apply online. …
Read More »Rancho Cucamonga office building sells
A 127,000-square-foot office building in Rancho Cucamonga has been sold for $22.2 million. The two-story structure at 11000 Eucalyptus St. was sold by Mercury Casualty Co. to a buyer whose name was not released, according to a statement. The buyer plans to refurbish the building and lease it to San …
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