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Tag Archives: Real Estate

Median-priced home out of reach for most Californians

Home prices keep growing

An overwhelming number of California households could not afford a median-priced home in 2025, according to a report. Only 19 percent made enough money to pay for a single-family detached home priced at $875,550, one percent more than in 2024, the California Association of Realtors reported. An annual income of at …

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IE medical office sector posts solid first quarter

Medical Doctor Stethoscope

The Inland Empire’s medical office sector recorded a strong first quarter, adding leased space and investments during that time, according to a report. Leasing rose nearly 10 percent during the quarter, in part because of  a 5,000-square- foot transaction in Riverside, according to CBRE. However, net absorption went from positive …

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Retail center slated for Redlands

Record sales for holiday retail

A neighborhood retail center that will be anchored by a Whole Foods Market will be developed in Redlands. The Marketplace will be built on eight acres at the northeast corner of Lugonia Avenue and Tennessee Street, according to KTGY, the national architectural firm that is designing the project. Regency Centers …

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PREP scores again in Pomona

PREP looks to sell former bowling alley

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 …

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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 …

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IE’s available retail space drops, but absorption is strong

Record sales for holiday retail

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 …

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