Housing affordability in California dropped to its lowest point in two years during the third quarter, according to the California Association of Realtors. Double-digit prices increases and a lack of homes for sale meant only 28 percent of the state’s potential home buyers could afford the median price of $693,680, …
Read More »Bank complex will become autism treatment center
A former banking complex in Riverside has been purchased by a company that offers intervention services and early treatment for autistic children. Dream Big Children’s Center paid $1.4 million for the structures at 6876 Magnolia St., according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive Real Estate represented the …
Read More »Temecula retail center sells for $7.1 million
A Starbucks-anchored retail center in Temecula has been sold. The Shops at Gateway to Temecula, an 8,325-square-foot retail center with multiple tenants, sold for $7.1 million, according to a statement. The seller, Pacific Real Estate of Corona, was represented by Hanley Investment Group, who announced the sale. The buyer, a …
Read More »Electronics firm leases Eastvale industrial building
A 276,000-square-foot logistics facility in Eastvale has been leased to a single tenant. Newegg, an online retail company that specializes in computers, cameras and other electronic items, has signed a 100-month lease to occupy the building at 2653 S. Milliken Ave., according to a statement. Financial terms were not disclosed. …
Read More »Upland office project sold
An office property in Upland has sold for $10.25 million. Stewart Plaza, a two-building complex at 400 to 440 Mountain Ave., was purchase by Harbor Investments in Long Beach, CBRE announced in a statement. The seller was a private investor whose name was not released. Stewart Plaza covers 84,500 square …
Read More »Home prices rise at fast clip
Home prices nationwide increased 6.7 percent in September compared with September 2019, according to data released Tuesday. That was the fastest year-over-year acceleration in the prices of single-family homes and condominiums since May 2014, Irvine-based CoreLogic reported in its monthly assessment of the U.S. housing market. Nationwide home prices increased …
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