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Tag Archives: Real Estate

Lewis Retail continues work on Nevada project

Lewis Retail Centers has started construction on a building at a major retail project it’s developing in Nevada. The structure, which is 60 percent pre-leased, will cover 13,200 square feet at the Damonte Ranch Town Center in South Reno, according to a statement on the Upland-based company’s website. It will …

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Median home price reaches $800,000 in California

building sold

The median price of a single-family home in California reached $800,000 in April, the first time the state’s housing market has reached that height. Strong demand, and a shortage of homes for sale, caused the market to hit that mark, according to data released this week by the California Association …

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Leases signed at Beaumont shopping center

Dermody signs Eastvale tenant

Four tenants at San Gorgonio Village in Beaumont have signed leases. Grocery Outlet, which opened last year, and Planet Fitness, which opened last month, both signed 10-year leases to locate at the recently developed shopping center, SRS Real Estate Partners in Newport Beach announced Wednesday. Sherwin-Williams, which will open a …

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Delivery company lands in Ontario

Dermody signs Eastvale tenant

An e-commerce delivery company has leased industrial space in Ontario. Lake Forest-based Banyan Imports, which delivers products worldwide, will occupy 203,400 square feet at 3551 E. Philadelphia St., according to a statement. The building is part of the California Commerce Center. Newmark represented the landlord in the negotiations, while Banyan …

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Housing affordability remains a problem

Mortgage Charts

Twenty seven percent of California households could afford the median price of a single-family home – $720,490 – during the first quarter of 2021, a 35 percent year-over-year drop, the California Association of Realtors reported Tuesday. An annual income of $131,200 was needed to make monthly mortgage payments of $3,280, based …

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Mortgage delinquencies rise

Five point seven percent of all U.S. mortgages were delinquent in February, according to data released this week. That number, which represents multiple stages of delinquency, was a 2.1 percent increase from February 2020, Irvine-based CoreLogic reported. Early stage delinquencies – 30 to 59 days past due – were at …

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