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Tag Archives: Real Estate

SoCal housing prices, sales go in opposite directions

Housing rents continue to rise

Southern California’s median home price was $720,000 in December, a 5.1 percent year-over-year increase, according to data released this week. Those numbers include new and resold houses and resold condominiums in Riverside, San Bernardino, Los Angeles, Orange, San Diego and Ventura counties, CoreLogic in Irvine reported Feb. 13. All six counties recorded …

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Ontario industrial building sold

building sold

A 103,000-square-foot industrial building in Ontario has been sold for $8.8 million. The structure is located on 4.7-acres at 5505 E. Concours St. and is near Interstates 10, 15 and the 60 Freeway, according to a statement. The building has 3,100 square feet of office space and 62 parking spaces. Daum …

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State housing affordability remains low

Housing affordability in California remained at a 16-year low during the fourth quarter of last year, the result of not enough homes being put up for sale and the high cost of a housing loan. Only 15 percent of the state’s households could afford a median-priced home – $833,170 – …

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Study: SC office market will continue to struggle

Study: SC office market will continue to struggle

Twenty-one percent of California real estate owners and operators say they will redevelop office space during the next three years, a study has found. That work will be done in several categories, including multifamily, industrial and retail, according to the Winter 2024 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate …

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Outdoor storage complex is sold

Sold Sign

A one-million-square-foot outdoor storage that covers two cities in San Bernardino County has been sold. The properties straddle 23 acres at 446 S. Yucca Ave, 1066 N Tippecanoe Ave, and 1938 W. 5th St in San Bernardino and Rialto, according to a statement. All three buildings are near Interstates 15 …

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Riverside apartment complex is sold

A 19-unit apartment complex in Riverside has been sold. The Corwin Apartments at 5755-5580 Corwin Lane were sold recently for $2.8 million, according to CBRE. Information about the buyer and seller was not released. CBRE represented both parties in the transaction. Built in 1964, the complex features one-bedroom, one-bathroom and …

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