Home prices nationwide rose 8.2 percent in November year-over-year, the largest such increase since March 2014, according to data released Tuesday. Compared with October, prices rose 1.1 percent, Irvine-based CoreLogic reported in its monthly assessment of U.S. housing prices. Prices of single-family homes and condominiums rose consistently during 2020, with …
Read More »Historic buildings sell for $3.5 million
A mixed-use facility in Redlands that traces its roots to the late 19th century has been sold. The two-building complex at 21 W. Stuart Ave., which covers nearly 16,300 square feet, sold recently for $3.5 million, according to a statement released by CBRE, which helped negotiate the sale. The buyer …
Read More »CBRE brokers sale of Ontario apartment complex
CBRE has negotiated the sale of a 14-unit apartment complex in Ontario. Golden Management, a California-based investor, bought the property for $2.5 million, according to a statement. The seller was REF Investment, a limited liability company. Located at 565 West D St., the 10,246 square-foot complex was built in 1962. …
Read More »Homeowner equity posts strong gains
Homeowners with mortgages saw the equity in their homes increase by an average of 10.8 percent between this year’s third quarter and the third quarter of 2019, a recent study has found. Nationwide, that represented a collective equity gain of approximately $1 trillion – an average of $17,000 per homeowner …
Read More »COVID-19 takes a big bite out of the Inland office market
The market might manage a few small improvements in 2021, but don’t look for anything substantial until at least 2022. COVID-19 hit every sector of the Inland Empire economy hard, and nowhere did it hit harder than the region’s office market. Most of the numbers that determine whether a market …
Read More »Downtown Redlands property will become retail, entertainment site
A mixed-use property in downtown Redlands has been sold for $3.5 million. The Feldkamp family bought the property at 21 W. Stuart Ave., a two-building site in the city’s packinghouse district, according to CBRE. The seller was a private investor whose name was not released. CBRE represented both parties in …
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