An information management and digital services company has leased distribution space in Rialto. Ricoh USA Inc. will occupy 374,000 square-feet in a logistics building at 1920 W. Baseline Road, according to a statement released yesterday. The company plans to use the building for light assembly and distribution. Terms of the …
Read More »African-American, Hispanic families lag in home ownership
Fewer than half the African-American and Hispanic households in California last year could afford a median-priced home, according to data released Tuesday. Only 19 percent of black households and 20 percent of Latino households could afford a median-priced, single-family home of $659,380, the California Association of Realtors reported in its …
Read More »Inland office market still struggles
COVID-19 continued to take a bite out of the Inland Empire office market during the fourth quarter. The two-county region recorded negative absorption of 64,148 square feet and a vacancy rate of 10.1 percent, according to CBRE. Inland Empire East accounted for most of the occupancy loss throughout the year …
Read More »Rate of new mortgage delinquencies drops to lowest point in eight months
In November 2020, 5.9 percent of all U.S. mortgages were at least 30 days past due, a year-over-year increase of two percent, according to data released earlier this week. That was the lowest delinquency rate recorded since March, Irvine-based CoreLogic reported in its monthly assessment of U.S. mortgage loans. Early-stage …
Read More »San Bernardino to take another swing at Carousel Mall
The city council is scheduled to discuss two proposed mixed-use projects for the 43-acre site, which has been vacant since the mall closed nearly four years ago. Whatever is built there will help determine the future of downtown San Bernardino. Could San Bernardino finally be on the verge of fixing …
Read More »Home prices climb nearly 10 percent
Home prices nationwide were up 9.2 percent in December, the largest year-over-year gain in nearly seven years, according to a report. Despite COVID-19, the U.S. housing market performed well in 2020, as low-mortgage rates convinced many first-time buyers to enter the housing market, Irvine-based CoreLogic reported Tuesday. Still, the pandemic …
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