Statewide sales of single-family homes totaled 284,010 in February, up 17.6 percent from January but down 33.2 percent year-over-year, according to a recent study. The median price home price in California during the second month of this year was $735,480, down 2.1 percent from January and down 4.8 percent from …
Read More »Shopping center sells for $54.3 million
A community shopping center in Ontario has been sold for $54.3 million. New Haven Marketplace was purchased by Sakioka Farms, a Costa Mesa-based real estate company, according to a statement released Monday by Newmark Group Inc. Newmark represented the buyer, Frontier Real Estate Investments in Newport Beach. Anchored by a …
Read More »San Bernardino retail building sells for $4.9 million
A 20,000-square-foot retail structure in San Bernardino occupied by Office Depot has been sold for nearly $4.9 million. The building, at 675 E. Hospitality Lane, is part of the Tri-City Commons/Hospitality Lane District, one of the Inland Empire’s better-known retail, dining, office and hospitality destinations, according to Progressive Real Estate …
Read More »Rents drops to lowest level in 12 months
Median rent in the United States rose 1.7 percent in February, to $1,937, according to data released recently. That was the smallest year-over-year increase in asking rental rates in nearly two years, and the lowest median rent nationwide in 12 months, Seattle-based Redfin reported. February was the ninth consecutive month …
Read More »Report: Housing costs consume many household incomes
More than 40 percent of Inland Empire households spend at least one-third of their income on housing, a UC Riverside report has found. The study – “Housing and Sustainability in the Inland Region: Affordability, Equity, and Changing Demographics – also found that housing construction in Riverside and San Bernardino is …
Read More »Chino self-storage facility changes hands
A 701-unit self-storage facility in Chino has been sold. Westport Properties Inc. in Irvine bought the facility at 13555 Ramona Ave. for an undisclosed sum, according to a statement released last week. The sellers name was not released. Westport, which owns and operates more than 13.2 million square feet of …
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