Real Estate

The cost of industrial land in the United States is going up, and nowhere is it rising faster than in the Inland Empire. The average price of industrial parcels between 50 and 100 acres is more than $100,000 an  acre, about twice as much as one year ago, according to …

All signs point to more home building and sales this year. How much the recently passed GOP tax reform package will help remains to be seen. Will 2018 be the year enough houses are built in the Inland Empire to keep up with demand? Probably not, but 2017 was a …

A Fontana retail property occupied by a drive-thru Starbucks Coffee has been sold. The 2,500-acre site at 17142 Slover Ave. sold for $3.1 million, according to a statement released by Faris Lee Investments, which negotiated the sale. The seller was Puente Hills Power Center LLC, a private investment group. The …

Average multifamily rent in the United States was $1,359 in December, the same as November but a year-over-year increase of 2.5 percent, according to data released this week. Even though last year’s rental growth was the lowest since 2010, that growth is expected to continue this year because of strong …

The Inland Empire had nearly 558 million square feet industrial space operating in the fourth quarter of last year, up from 536 million square feet one year earlier, according to data released Wednesday. Another 20.7 million square feet was under construction, Newmark Knight Frank reported in its fourth quarter survey …

A mixed-use property in Old Town Temecula has been sold. Cameron Historical Building, a combination of 24 affordable-housing units and three ground-floor retail units, sold for $4.8 million, according to a statement released by Avison Young. The seller was Cameron Properties Inc. in Covina, which was represented by Avison Young’s …