Real Estate

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, …

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 …