Real Estate

Foreclosures in the Inland Empire dropped slightly in August. The region’s foreclosure rate was 0.7 percent, down 0.2 percent compared with August 2014, according to data released Tuesday by CoreLogic in Irvine. Overall, 5,764 foreclosures were completed in the Inland region during that 12-month period, down from 6,697 completed foreclosures …

The Inland Empire’s retail market showed steady improvement during the third quarter, with nearly 160,000 square feet of positive net absorption recorded during that time. More than 304,000 square feet of retail space was under construction in Riverside and San Bernardino counties as the quarter ended, according to Voit Real …

Foreclosures in the Inland Empire were down year-over-year in July, according to data released Friday. The rate of foreclosures among outstanding mortgage loans in the Inland region that month was 0.72 percent, down from 0.97 percent in July 2014, Irvine-based CoreLogic stated in its monthly report on U.S. foreclosures. That …

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, …