Real Estate

The Inland Empire’s industrial market remained strong during the third quarter, as available space continued to drop and lease rates kept rising. The two-county region recorded 7.2 million square feet of positive net absorption during that time, according to Voit Real Estate Service’s third quarter report on the industrial market …

An apartment complex in Corona has been sold. Promenade Terrace, a 330-unit community, sold for $78.5 million, or nearly $238,000 a unit, according to a statement released Wednesday. Institutional Property Advisors, a division of Marcus & Millichap that works with institutional and major private real estate investors, represented the seller …

The Inland Empire office market slowed during the third quarter, as demand for space stalled and the region posted a negative absorption rate. The region’s 15.1 percent vacancy rate was essentially unchanged from the second quarter, according to Newmark Grubb Knight Frank’s third quarter report on the Inland office market, …

Construction is expected to start next summer on a 75-unit apartment complex in Ontario. Hallmark at Mission will be developed at Mission Boulevard and South Magnolia Avenue, a parcel now occupied by a storage facility, said Andrew Salter, associate land advisor with WD Land in Irvine, which is marketing the …

National pending home sales were a mixed bag in August. Year-over-year, pending sales were up a robust 6.1 percent, according to data released Monday by the National Association of Realtors. That marks 12 consecutive months that pending sales – meaning a contract of sale has been signed but the transaction …

Pending home sales in California fell in August but were strong enough to register year-over-year gains for the 10th consecutive month. Month-over-month, the Pending Home Sales Index fell 8.7 percent from July, according to data released Tuesday by the California Association of Realtors. During the last seven years, the index …