Nearly five percent of all U.S. mortgages were in some state of delinquency – 30 days or more past due – in March, a 1.3 percent increase from exactly one year earlier, according to data released today. That was the lowest number since March 2020, when the national delinquency rate …
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Construction has begun on a 1.1-million-square-foot logistics building in unincorporated Riverside County. Knox Logistics VII, a warehouse distribution center, is being developed by Trammell Crow Co. and Clarion Partners LLC at I-215 freeway and the Cajalco Expressway, according to a statement released this week. “We are very excited to begin …
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A Norco commercial real estate firm has secured a lease in Orange County for a popular restaurant chain. Jalapeno’s Mexican Food will occupy 1,400 square feet in the Lakeview Shopping Center in Yorba Linda, according to Capital Income Properties Group. The five-year lease includes multiple extension options. Financial details were …
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U.S. home prices rose 13 percent in April year-over-year, the largest increase of that kind since February 2006. Not enough new houses are being built, combined with an ever-growing number of people who want to enter the housing market or purchase a “move-up” home, which continues to push home prices …
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Norco Valley Square would bring much-needed residential units, and possibly a hotel, to the city that takes great pride in its rural atmosphere. But some residents don’t like that idea, and the planning commission agrees with them. An appeal to the city council has been filed. A 19-acre commercial and …
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CBRE has negotiated the sale of two multifamily properties in Colton. Reche Ridge at 2270 Cahuilla St., and 1333 Canyon at 1333 Reche Canyon Road, sold for a combined $41 million in an off-market transaction, according to a statement released by the commercial real estate brokerage Wednesday. The buyer was …
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IE Business Daily Business news for the Inland Empire.
