Saturday , August 13 2022

Real Estate

OC firm buys Redlands apartment complex

An investment firm has purchased a 124-unit apartment complex in Redlands for $46.2 million. Irvine-based SB Real Estate Partners, which specializes in multifamily properties, bought ReNew Redlands and immediately renamed it Portola Redlands, according to a statement released this week. The seller’s name was not disclosed. SB Real Estate plans …

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Inland retail market has solid quarter

The Inland Empire’s retail vacancy rate was eight percent during the third quarter, unchanged from the second quarter and down 80 basis points year-over-year. Riverside and San Bernardino counties absorbed 70,613 square feet of retail space during the third quarter, and there were 926,428 square feet of retail space under …

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