Real Estate

The number of underwater residential properties in the Inland Empire dropped during the first quarter of this year, another sign of the region’s housing market’s slow but steady improvement. Overall, 10.2 percent of mortgaged residential properties in Riverside and San Bernardino counties had negative equity at the end of the …

Inland Empire home prices, including distressed sales, were up 5.9 percent in April year-over-year, according to data released Tuesday. That matched both the state and national trend: prices of single-family homes in April were up 6.6 percent in California and 6.2 percent nationwide compared with April 2015, Irvine-based CoreLogic reported …

One of the largest multifamily communities in the Inland Empire has been sold. Terracina Apartment Homes, a 736-unit project in Ontario, sold for $142.1 million, according to a statement by Marcus & Millichap. The sale, which works out to more than $193,000 per unit, was announced Thursday. The transaction was …

Stirling Capital has announced the two tenants that have agreed to locate at an industrial building the company is developing at the Southern California Logistics Centre in Victorville. Arden Cos., a manufacturer of outdoor cushions, furniture and decor, will lease 211,000 square feet of the building, according to a statement …

Foreclosures took a modest drop in the Inland Empire during March. The foreclosure rate among outstanding mortgages in Riverside and San Bernardino counties stood at 0.64 percent, down from 0.85 percent in March 2015, according to data released Tuesday by CoreLogic in Irvine. That was below the national foreclosure rate …

The High Desert real estate market is picking up a little steam. The region absorbed more than 291,000 square feet of industrial space during the fourth quarter of 2015, with an average lease rate of 68 cents per square foot, according to Dock High, a news letter published every two …