Tag Archives: Real Estate

A four-building business park in Riverside has been sold for just over $14 million. Commerce Square, a 128,912-square-foot project within Hunter Park, was bought recently by an undisclosed party, according to a statement released by Newmark Knight Frank. The project, which is 90 percent leased, is at 1550 Marlborough Ave. …

Two multi-tenant retail buildings in Corona have been sold for $5.2 million. Tenants at the buildings, both part of The Shops at Village Grove Plaza, include dental care, dry cleaners, donut shop, liquor store, and hair and nail salons, according to a statement. Hanley Investment Group Real Estate Advisors, a …

California’s housing market bounced back in June, with the median price of a single-family home hitting a record high, according to the California Association of Realtors. One month after the median price dropped below $600,000, it rose to $626,170 in June, a 2.5 percent year-over-year increase, the association reported recently. …

The number of delinquent loans in the United States grew to 6.1 percent in April, the highest level recorded since January 2016. Early-stage delinquencies – 30 to 59 days past due – were at 4.2 percent, up from 1.7 percent exactly one year earlier, CoreLogic reported in its monthly assessment …

Despite the economic turmoil brought on by COVID-19, the Inland Empire industrial market continued to put up solid numbers during the second quarter. The region’s vacancy rate – 3.9 percent – was a 7.7 percent year-over-year drop, and its average lease rate of 73 cents per square foot was essentially …

COVID-19 is starting to affect the local housing market if a recent quarterly report from one of Southern California’s most prominent homebuilders is any indication. Revenue, homes delivered and average selling price were all down substantially year-over-year for the quarter that ended May 31, according to Los Angeles-based KB Home. …