Real Estate

Construction is expected to begin this spring on a 340-unit upscale apartment complex in Redlands. The Crossings at Redlands will be developed by The UCR Group, a property acquisition and development company in Redlands, according to a statement. The project, at West Lugonia Avenue and Nevada Street just east of …

Lease rates for industrial space in Riverside and San Bernardino counties reached 51 cents per square foot at the end of last year, topping the previous peak rate set in 2007, according to data released Thursday. New buildings that commanded a premium price, along with strong demand for quality industrial …

WD Land in Irvine has completed the sale of two large tracts of land in Riverside County, both of which will be used for residential development. The first, in an unincorporated area near Menifee and the community of Winchester, sold for approximately $10 million in a transaction between two private …

The Inland Empire office market added more than 323,172 square feet of space during 2016, with most of that activity happening around Ontario International Airport, according to data released Tuesday. That absorption, combined with an absence of new development, caused the two-county region’s vacancy rate to drop to 12.9 percent …

The Inland Empire industrial market continued to hum during the fourth quarter of 2016. Vacancy in the two-county region was 4.5 percent, down from 5.3 percent in the third quarter, according to Voit Real Estate Services’ latest quarterly industrial report on the region. More than 91 industrial buildings – nearly …

U.S. monthly apartment rents dropped an average of $4 in December. The average rent for an apartment unit nationwide last month was $1,210, a four percent year-over-year increase, according to Yardi Matrix, an apartment information service in Santa Barbara. The Inland Empire bucked the national trend. Apartment rents in Riverside …