Real Estate

Average multifamily rent in the United States was $1,359 in December, the same as November but a year-over-year increase of 2.5 percent, according to data released this week. Even though last year’s rental growth was the lowest since 2010, that growth is expected to continue this year because of strong …

The Inland Empire had nearly 558 million square feet industrial space operating in the fourth quarter of last year, up from 536 million square feet one year earlier, according to data released Wednesday. Another 20.7 million square feet was under construction, Newmark Knight Frank reported in its fourth quarter survey …

A mixed-use property in Old Town Temecula has been sold. Cameron Historical Building, a combination of 24 affordable-housing units and three ground-floor retail units, sold for $4.8 million, according to a statement released by Avison Young. The seller was Cameron Properties Inc. in Covina, which was represented by Avison Young’s …

Four point two percent of Inland Empire mortgages were delinquent in October by at least 30 days, according to data released Tuesday. That data, which included properties in foreclosure, was a year-over-year drop of 0.6 percent, Irvine-based CoreLogic reported. Mortgages in serious delinquency – meaning late by 90 days or …

Space should be absorbed and construction should continue during the next 12 months, according to several  people familiar with the market. The Inland Empire retail market will likely perform well during 2018, continuing the slow but steady improvement it has undergone since the recession ended. That’s the good news. The …

Foremost Cos., a residential land developer in Newport Beach, is scheduled to host a grand opening today at a master-planned community it’s developing in Temescal Valley. Sterling, which will be for residents at least 55 years old, will be the fifth neighborhood at Terramor, a 16-neighborhood project that will include …