Real Estate

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 …

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 …

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 …

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 …

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 …

A real estate investment trust in Chicago has purchased three vacant parcels in Perris, where it plans to build an industrial project. First Industrial Realty Trust Inc. will develop a 315,000-square-foot warehouse-distribution project on the 16.2-acre site, according to a statement released by Avison Young, the Toronto-based commercial real estate …