Real Estate

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 …

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 …

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 …

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 …

Faris Lee Investments has completed the sale of a U.S. Bank branch office in Hesperia. The building, at 14075 Main St., sold for $3.2 million, according to a statement released Tuesday. Hesperia-Main Street LLC, a private investment firm in Los Angeles, was the seller. The buyer was a private investor, …

Pending home sales were up month-to-month and year-to-year in California during December, according to data released this week. Compared to November, pending sales – in which a contract of sale has been signed but the transaction is not yet official – rose 3.3 percent to an index of 117.7, the …