California’s housing market took a slight downturn in May, thanks mainly to interest rates that returned to where they were at the end of last year. Sales of existing single-family homes totaled 272,410 last month, seasonally adjusted, down 1.1 percent from 275,540 in April and down six percent from 289,860 …
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A 59-unit affordable housing project complex for seniors is under construction in downtown Riverside. Mulberry Gardens is being developed at 2520 Mulberry Street and is expected to take one and a half to two years to complete, according to a statement on the city’s website. Riverside and Eden Housing Inc. …
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Two industrial buildings in Temecula that combined cover 166,000 square feet have been sold. The structures, at 26201 Ynez Road and 42259 Rio Nedo Road, were bought recently by Cire Equity in San Diego for $24 million, according to a statement. The seller’s name was not disclosed. The sale price is …
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A 184,000-square-foot industrial building in Ontario has been leased. The structure, at 5700 E. Airport Drive, is part of the 250,248-square-foot Airport Distribution Center, according to a statement. The tenant is Logistar, Inc., a trucking company in Quebec. The owner of the building is Alere Property Group Inc., a Newport …
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An Irvine-based homebuilder and land developer has begun work on a major project in Eastvale. New Home Co. recently started construction of Eastvale Square, which will be made up of nearly 2,000 homes immediately west of Interstate 15 in the middle of the city, according to a statement. The project, …
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Southern California’s median home price rose seven percent in April, to $760,000, according to a report. All of the region’s six counties – Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura – recorded year-over-year price increases during the fourth month of 2024, Irvine-based CoreLogic reported this week. In …
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IE Business Daily Business news for the Inland Empire.
