The Inland Empire industrial market continued to soar during the third quarter, as absorption rose and vacancy remained low, according to CBRE. About 3.2 million square feet of industrial space was absorbed in the Inland region during the quarter that ended Sept. 30, and 27.1 million square feet was under …
Read More »Office lease rates averaged $2.01 per square foot in the Inland Empire at the end of the third quarter, the first time in 10 years the price of local office space reached $2, according to a report released Monday. That was the good news regarding the Inland office market in …
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Southern California apartment dwellers are likely to pay at least $100 more in rent per month by 2021, a recent study predicts. During the next two years, rents will increase by $139 in Los Angeles County, $106 in Orange County, $209 in San Diego County, $110 in Ventura County and …
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SB 330 lowers fees and makes it easier to get houses built, especially houses that middle-class families can afford. California’s much-beleaguered housing industry may finally be getting some help from Sacramento. On Oct. 9, Gov. Gavin Newsom signed Senate Bill 330 – also known as the Housing Crisis Act of …
Read More »A Newport Beach real estate investment and development company has purchased a 75-unit apartment complex in Ontario. Waterford Property Co. paid $21.5 million for Hallmark at Mission at 1201 W. Mission Blvd., according to a statement. A specialist in land development and entitlements as well as acquisitions and repositioning of …
Read More »A 75-unit luxury apartment complex in Ontario has been sold, reportedly for a record price. Hallmark at Mission changed hands for $21.5 million, believed to be the most ever paid for a multifamily development in Ontario, according to a statement. The Mogharebi Group, which brokers multifamily properties throughout California, helped …
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IE Business Daily Business news for the Inland Empire.
