The popular phrase is overused, but the Inland Empire’s housing market may be settling into a “new normal” for the next 3 – 5 years — and perhaps a disturbing one at that. Think 2025 or 2026 before supply-and-demand market functionality exhibits some long-term traditions that realty agents, mortgage lenders, …
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Inland Empire industrial lease rates rose 24.1 percent year-over-year in the second quarter of this year, the second-highest increase of any U.S. submarket in that time, according to a report. Only Northern New Jersey, which recorded a 33.3 percent increase, was higher, according to a report released Thursday by CBRE. …
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A retail building at the Highland Village Shopping Center in Fontana has sold for $3.2 million. The structure, occupied by Sit ’n Sleep, covers 8,400 square feet and is next to Sprouts Farmers Market, the shopping center’s anchor tenant, according to a statement released yesterday by Hanley Investment Group Real …
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Sales of existing single-family homes in California’s eased slightly in May, possibly the result of “buyer fatigue,” according to the California Association of Realtors. Overall sales were 445,600 in May, down 2.7 percent in April and up 86.7 percent year-over-year, the Los Angeles-based association reported Wednesday. At the same time, …
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Progressive Real Estate has arranged the sale of a Temecula car wash. Rancho Car Wash at 27378 Jefferson Ave. sold recently for a little more than $6 million, according to a statement released today by the Rancho Cucamonga-based commercial real estate brokerage. Buyer and seller are both private investors based …
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A proposed 45-day moratorium on building logistics facilities would have given the city time to review, and possibly change, its regulations in that area, but the measure was rejected by the city council. San Bernardino almost approved an ordinance that would have put in place a 45-day moratorium on building …
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IE Business Daily Business news for the Inland Empire.
