For the second time in a week, Progressive Real Estate Partners has helped complete a transaction in Pomona. The Rancho Cucamonga retail broker represented the seller in the sale of Valley Plaza, a 11,720-square-foot retail center at 2407 Valley Blvd., according to a statement on Progressive’s website. The property sold …
Read More »Pending home sales increase
Pending home sales rose 2.7 percent year-over-year during the four weeks that ended April 26, according to a report. That nationwide increase was the largest in six weeks, and came at a time when mortgage-purchase applications rose to their highest level in three months, Seattle-based Redfin reported. The average mortgage …
Read More »IE’s available retail space drops, but absorption is strong
Available retail space in the Inland Empire fell 10 basis points to 6.9 percent during the first quarter of this year, according to a recent report. That quarter-over-quarter decline can be attributed to leasing outperforming the large-format space that came online, as well as a tightening of overall market conditions, CBRE …
Read More »PREP helps sell Pomona building
Progressive Real Estate Partners in Rancho Cucamonga has helped negotiate the sale of a historic building in downtown Pomona. The Armstong Building at 150-196 E. Third St, and 345 S. Locust St. was purchased recently by the Western University of Health Sciences for $2.9 million, according to a statement on …
Read More »Inland Empire multifamily market drops
Occupancy in the Inland Empire’s multifamily market declined in the first quarter, according to CBRE. The drop of 10 basis points from the last three months of 2025 marked the third consecutive quarterly decline for the Inland region, CBRE reported. The Inland region experienced a year-over-year drop of 50 basis …
Read More »US homes listed for sale rises
The number of U.S. homes for sale rose three percent year-over-year during the four weeks that ended April 19, the largest increase since November, according to a report. During the same time, pending home sales fell 1.2 percent, the smallest decline in one month, while mortgage-purchase applications rose 10 percent …
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IE Business Daily Business news for the Inland Empire.