Wednesday , April 24 2024

Tag Archives: Real Estate

Industrial project underway

High Desert Industrial Project Underway

Construction has begun on Columbia Business Park, a 1.4-million-square-foot in Riverside’s Hunter Industrial Park. The speculative project, which is being developed by Trammell Crow Co., will consist of three buildings on 72 acres near the Hunter Park/UC Riverside Metrolink Station, according to a statement released Wednesday. The first phase will …

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National, local home prices continue to climb

Home Prices Increase

Home prices in the United States, including distressed sales, were up 7.2 percent in December year-over-year. Prices were up a minuscule 0.8 percent compared with December, according to data released this week by CoreLogic in Irvine. In the Inland Empire, prices were up 6.1 percent in December year-over-year and 0.1 …

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Upscale apartment project sells

Inland Empire Retail Properties Sold

Avison Young has completed the sale of a 206-unit apartment complex in Moreno Valley. Legends at Rancho Belago sold for $33.8 million to a group of private investors, according to a statement released Tuesday. The property at 13292 Lasselle St. was built in 1993 as a 40-unit condominium project. The …

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Inland Empire second in mega-warehouses

Industrial Project

E-commerce is creating a strong demand for large warehouse space throughout the United, States, and the Inland Empire is right in the middle of that trend. Between 2010 and 2016, 13 industrial buildings of one million square feet or more – covering 15.4 million square feet – were built in …

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Apartment rents up

Apartment Rental Rates Expected to Rise

Average monthly apartment rental rates throughout the country rose by $5 in January, their first gain in five month, according to data released Friday. Rents finished the month at an average of $1,315 nationwide, with most of the rent gains in high-population growth areas, including the Inland Empire, Yardi Matrix …

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Election not impacting real estate market

Inland Empire Business & Real Estate News

California’s commercial real estate market appears to be unaffected by the onset of the Trump Administration, according to a study released Wednesday. The market, which was in good shape before the Nov. 8 election, appears to be following its “natural cycle” independent of the results of the presidential race, the …

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