A third-party logistics company in Ontario has leased a 258,737 square-foot industrial building in Rialto. DCG Fulfillment will begin occupying the building in December, according to a statement released today by the building’s owner, Dermody Properties in Reno, Nev. Financial terms of the five-year lease were not disclosed. DCG Fulfillment, …
Read More »Discount store to set up shop in Fontana
A discount chain will locate in a former Kmart site in Fontana. Crazy Boss Discount Store will occupy the 103,157 square-foot space at 17099 Valley Blvd. in the Vineyard Valley Center, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive, which specializes in small to medium-size retail projects, represented …
Read More »State home sales drop nearly 11 percent on annualized rate
Sales of existing, single-family detached homes in California totaled 414,860 in August, down 3.3 percent from July and down 10.9 percent from August 2020, according to the California Association of Realtors. Statewide, the median price of a home was $827,940, up 2.1 percent from July and up 17.1 percent from …
Read More »Colton shopping center sells for $8.8 million
A neighborhood shopping center in Colton has sold for $8.8 million. Los Compadres Plaza, 1035 S. Vernon Ave., is made up of four buildings that combined are about 93 percent occupied, according to Progressive Real Estate Partners in Rancho Cucamonga, which negotiated the sale. Buyer and seller were both local …
Read More »Mortgage delinquencies trend down, but still top pre-pandemic rate
Four-point four percent of all U.S. mortgages were in some stage of delinquency – at least 30 days or more past due, including foreclosures – in June, according to data released this week. That was a 2.7 percent drop compared with June 2020, when the number was 7.1 percent, Irvine-based …
Read More »Politics and Housing in Chino: The Story Goes Deeper Than Many Know (Part I)
There is virtually no neighborhood left unscathed by the housing market’s supply-and-demand twists, turns, and strife across California as historically low inventory plagues the marketplace — especially when it comes to planning and building new homes and entire neighborhoods. This issue is oftentimes characterized as activist residents pitted against developers, …
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