As mentioned in a recent post, a report released earlier this month by the Los Angeles County Economic Development Corp. indicated Inland Southern California (Riv-SB-Ont) will continue to lead the state in population, housing and employment growth. It also reports the region’s personal income and taxable sales continue to climb as well. Likewise, a similar…
Despite overall home sales being down in December 2005 from a year earlier in Southern California (30k vs. 28k or minus 4.5%), numbers provided by DataQuick Information Systems show Riverside and San Bernardino counties continue to buck local trends with sales increases of 16.5% (6,305) and 5.7% (4,580) respectively. Along with the sales increase has…
Although million-dollar homes within Inland Southern California are nothing new, the increasing number of them on the market is growing quite rapidly. In the past, most million-dollar homes were typically single-built, custom homes. Nowadays, it’s not uncommon to see new tract-built homes selling for upwards of $750,000+. Naturally, as home prices toward the coast rise,…
Planners from Riverside and Orange counties are in the midst of an 18-month study to determine the best way to relieve commuter congestion between housing-rich Riverside and jobs-rich Orange. As it stands now, only two roads link the two counties: 91 Riverside Freeway and Highway 74 (Ortega Highway). Of these, the 91 is the primary…
Three recently released reports by commercial real estate brokerage CB Richard Ellis Inc. says that, although housing remains big within Inland Southern California, both the commercial and industrial sectors are doing brisk business as well. All together, the reports indicate 34 million square feet of on-going construction activity in retail, office, and industrial projects within…
So, you’ve recently moved into your brand new suburban tract home in what the developer has cheerfully marketed as “The Corona Valley.” It’s a 5-bedroom, mini-mansion complete with 4 large bathrooms, a second-floor “landing,” built-in multimedia/entertainment centers, Sub-Zero appliances, walk-in closets galore, and a large backyard with lush landscaping to boot. The schools are new,…
With housing demand — and prices — shooting through the roof, it’s no surprise that a recent wave of high-end housing is taking root within the arroyos and valleys of Inland Southern California. The 580-acre Vellano project in Chino Hills will offer semi-custom homes priced between $900,000 and $1.5 million as well as 50 lots…
After 15 years and $15B, Boston’s ‘Big Dig’ is nearing completion. Officially known as the Central Artery Tunnel Project, the Big Dig is an ambitious technological and engineering feat. Without a doubt, the project is the largest and most complex highway project undertaken in American history. The Big Dig’s main purpose is two-fold: As can…
