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Tag Archives: Real Estate

Local, national foreclosure rates drop

Mortgage Charts

Four percent of all U.S. mortgages were in some state of delinquency in August, a 2.6 percent decline year-over-year and the lowest percentage since before COVID-19, according to data released Tuesday. Early-stage delinquencies – 30 to 59 days past due – were at 1.1 percent, down from 1.5 percent in …

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Hemet retail project sells $9.5 million

building sold

A three-building retail property in Hemet has been sold for $9.5 million. KPC Towne Centre at 2375 – 2465 W. Florida Ave. includes a Chipotle, T-Mobile, Chuck E Cheese, and Dominos among its eight tenants, according to SRS Real Estate Partners’ National Net Lease Group. SRS’ Newport Beach office represented …

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Lack of supply keeps hurting housing market

Nationwide housing prices take record jump

U.S. home prices rose 18 percent in September year-over-year, as an undersupply of new houses continued to hurt the market, according to data released this week. Demand for houses remained strong as summer came to a close, but the ongoing supply shortage continues to drive prices up, Irvine-based CoreLogic reported …

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Menifee apartment complex sells for $156 million

building sold

A 330-unit apartment complex in Menifee has been sold for $156 million. Artesa at Menifee Town Center was purchased by MG Properties Group, a San Diego real estate company that invests, redevelops, and manages multifamily properties. Irvine-based MBK Rental Living sold the property, a 15-acre development at 30414 Town Center …

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Perris warehouse sells for nearly $60 million

A 333,600-square-foot warehouse-distribution building in Perris has been sold. Harvill Logistics Center in Perris sold recently for $57.5 million, according to The Rockefeller Group, a New York-based real estate company that develops, owns, and manages high-end properties. Rockefeller Group sold the building at 21500 Harvill Ave. to a joint venture …

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