Real Estate

Median rent in the United States rose 1.7 percent in February, to $1,937, according to data released recently. That was the smallest year-over-year increase in asking rental rates in nearly two years, and the lowest median rent nationwide in 12 months, Seattle-based Redfin reported. February was the ninth consecutive month …

More than 40 percent of Inland Empire households spend at least one-third of their income on housing, a UC Riverside report has found. The study – “Housing and Sustainability in the Inland Region: Affordability, Equity, and Changing Demographics – also found that housing construction in Riverside and San Bernardino is …

A 701-unit self-storage facility in Chino has been sold. Westport Properties Inc. in Irvine bought the facility at 13555 Ramona Ave. for an undisclosed sum, according to a statement released last week. The sellers name was not released. Westport, which owns and operates more than 13.2 million square feet of …

The Inland Empire’s retail sector put up solid numbers during the fourth quarter, despite persistent inflation and a tighter-than-normal credit market. Vacancy was 6.5 percent, unchanged from the previous quarter, while the average lease rate of $2.15 per square foot represented a modest four-cent decrease compared with the third quarter, …

The growth in U.S. home prices continued to decline in January, according to data released this week. Prices grew 5.5 percent year-over-year during the first month of the year, that number marked the ninth consecutive month that price growth nationwide was lower than one year earlier, Irvine-based CoreLogic reported. “While …

A 6.6-million-square-foot logistics facility is being planned near Auto Club Speedway in Fontana. The ACS Logistics Center will be developed on land purchased last month by Hillwood Investment Properties and CBRE Investment Management, according to Corion Properties. Santa Monica-based Corion Properties helped negotiate that transaction. Hillwood Investment Properties is a …