Saturday , February 24 2024

Real Estate

Fast-food building sells for $2.3 million

A freestanding building in Fontana that is home to a Jack in the Box restaurant has been sold. The structure, at 17020 S. Highland Ave., sold for $2.3 million, according to a statement released by Hanley Investment Group. Hanley Investment represented the seller, Adler Realty Investments in Woodland Hills, the …

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Local industrial market stays strong

Industrial Market Stays Hot

The Inland Empire’s industrial market enjoyed a strong ending to 2018, according to data released this week. Average vacancy was 3.8 percent during the fourth quarter, down from 4.5 percent in the fourth quarter of 2017, Voit Real Estate Services reported. Lease rates in Riverside and San Bernardino counties were …

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Del Taco-occupied building sold

A  free-standing building in Lake Elsinore occupied by a Del Taco restaurant has been sold, according to statement. The 1,553-square-foot structure at 16810 Lakeshore Drive sold for $3.05 million, one of the highest price ever paid for a fast-food location in the Inland Empire, Dallas-based SRS Real Estate Partners, which …

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Growth in national, local apartment rents reported

Apartment Rental Rates Expected to Rise

U.S. apartment rents grew 3.3 percent during the fourth quarter of 2018, according to a recent study.  The national growth rate in 2018 outpaced 2017 by 2.5 percent, thanks to strong demand for apartment space that pushed occupancy to 95.4 percent, Real Page Inc., a real estate technology and analytics …

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Inland housing market looks to remain stable in 2019

Home prices rise again

Single-family home prices are expected to rise this year, mostly because, yet again, not enough houses will be built to meet demand. The good news is there’s no sign of a recession. Don’t look for any major changes in the Inland Empire housing market in 2019. The same patterns that …

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Target-anchored shopping center is sold

High Desert Shopping Center Changes Hands

San Bernardino Center, a neighborhood shopping center anchored by a Target and Big Lots, has been sold. The property at 499 W. Orange Show Road near the Interstate 215-10 interchange sold for an undisclosed sum, according to a statement released by Cushman & Wakefield’s retail division. Brixmor Property Group in …

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