Tuesday , September 26 2023

Real Estate

Apartment rents keep rising

Inland apartments part of major transaction

Apartment rental rates nationwide rose in March, the first increase since last summer, according to data released Tuesday. The average rent last month was $1,371, a $4 increase from February, Santa Barbara-based Yardi Matrix reported in it monthly analysis of the U.S. multifamily market. Year-over-year, rents grew 2.5 percent but …

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National home prices rise

Local, National Home Prices Continue to Increase

Home prices nationwide rose both year-over-year and month-over-month in February, according to data released Tuesday. Compared with February 2017, home price throughout the United States were up 6.7 percent, while prices rose one percent between January and February, Irvine-based CoreLogic reported in its monthly home price index. CoreLogic predicts that …

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Perris retail properties sell

New Retail Center Lands More Tenants

Six retail pads at Perris Marketplace, a 220,000-square-foot shopping center anchored by a Walmart supercenter, have been sold. All six properties – three multi-tenant  pad buildings and three single-tenant fast-food pad restaurants – were fully occupied when the sale was completed, according to Hanley Investment Group Real Esate Advisors, which …

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Inland region has strong apartment market

Apartment complex changes hands

The Inland Empire’s apartment market has a 95.7 percent occupancy rate for March, making it one of the country’s stronger multifamily markets, according to data released Thursday. The two-county region tied with Los Angeles, San Diego, San Francisco and Detroit for the highest occupancy rates among major U.S. markets, RealPage …

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Real home prices in Riverside decline

National pending home sales drops slightly

Riverside sustained a 3.3 percent drop in real housing price between January of this year and January 2017, one of the largest declines in the United States, according to data released Wednesday. Pittsburgh, -7.8 percent, Memphis, -2.4 percent, Baltimore, -2 percent and Virginia Beach at -1.8 percent recorded the other …

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Medical building changes hands

Redhawk Medical Plaza, a two-story Class A office property in Temecula, has been sold. The 32,400-square-foot building at 44274 George Kushman Court was purchased by Rancho Santa Margarita-based Cypress West Partners and Med Properties Holdings LLC in Dallas, according to a statement. Cost of the property, which is 100 percent …

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