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Tag Archives: Real Estate

State home sales drop despite favorable interest rates

State home sales continue to decline

Sales of existing single-family homes in California during September totaled 253,010, down 3.4 percent from August but up 5.1 percent year-over-year. Statewide, the median home price last month was $868,150, down 2.3 percent from the previous month but up 2.9 percent from in September 2023, the California Association of Realtors …

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IE office market posts solid quarter

IE office market posts solid quarter

The Inland Empire office market absorbed 60,548 square feet of space during the third quarter, enough to drop the region’s vacancy rate half a point, to eight percent. Most of that space was added in Riverside, where 26,503 square feet was added during the quarter that ended Sept. 30, according …

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Riverside retail building sells for $5.8 million

Riverside retail building sells for $5.8 million

A three-tenant retail building in Riverside has been sold for $5.8 million. The 6,300-square-foot building, which was built four years ago, sits on a one-acre parcel at 22430 Van Buren Blvd. next to Interstate 215, according to Hanley Investment Group in Corona Del Mar. Tenants include Chipotle Mexican Grill with …

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State home sales projected to rise in 2025

State home sales projected to rise in 2025

Sales of existing single-family homes in California are expected to reach 304,400 units in 2025, a 10.5 percent increase compared to the 275,400 units predicted for this year, according to the California Association of Realtors. Median home prices are forecast to climb 4.6 percent to $909,400 in 2025, following a …

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Retail property sells for $5 million

Retail property sells for $5 million

A two-tenant retail parcel in Murrieta that was built last spring has been sold for $5 million The property, which is occupied by Verizon Wireless and a drive-thru Chipotle Mexican Grill, sold for $975 per square foot, according to SRS Real Estate Partners in Newport Beach. That is the most …

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Riverside apartment complex sold

Riverside apartment complex sold

A 44-unit apartment complex in Riverside has been sold for $10.1 million. The five-building Ramona Oaks Apartments are located at Ramona Drive and Olivewood Avenue next to the 91 Freeway and near UC Riverside and Riverside City College, according to a CBRE statement. CBRE represented the buyer, WeJ&J LLC, and …

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