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Tag Archives: Real Estate

Ricoh signs industrial lease in Rialto

IE manufacturing

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 …

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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 …

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Inland office market still struggles

IE office market posts solid quarter

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 …

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San Bernardino to take another swing at Carousel Mall

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 …

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Home prices climb nearly 10 percent

median priced home

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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