Real Estate

A Class A industrial building in San Bernardino has been sold. Newport Beach-based Bixby Land Co. and AXA Investment Managers paid $33 million for the structure at 4982 Hallmark Parkway, according to a statement. Recently completed, the building covers 343,000 square feet and is vacant. The purchase is part of …

A freestanding building in Fontana that is home to a Jack in the Box restaurant has been sold. The structure, at 17020 S. Highland Ave., sold for $2.3 million, according to a statement released by Hanley Investment Group. Hanley Investment represented the seller, Adler Realty Investments in Woodland Hills, the …

The Inland Empire’s industrial market enjoyed a strong ending to 2018, according to data released this week. Average vacancy was 3.8 percent during the fourth quarter, down from 4.5 percent in the fourth quarter of 2017, Voit Real Estate Services reported. Lease rates in Riverside and San Bernardino counties were …

A  free-standing building in Lake Elsinore occupied by a Del Taco restaurant has been sold, according to statement. The 1,553-square-foot structure at 16810 Lakeshore Drive sold for $3.05 million, one of the highest price ever paid for a fast-food location in the Inland Empire, Dallas-based SRS Real Estate Partners, which …

U.S. apartment rents grew 3.3 percent during the fourth quarter of 2018, according to a recent study.  The national growth rate in 2018 outpaced 2017 by 2.5 percent, thanks to strong demand for apartment space that pushed occupancy to 95.4 percent, Real Page Inc., a real estate technology and analytics …

Single-family home prices are expected to rise this year, mostly because, yet again, not enough houses will be built to meet demand. The good news is there’s no sign of a recession. Don’t look for any major changes in the Inland Empire housing market in 2019. The same patterns that …