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Real Estate

Mortgage delinquencies rise

Five point seven percent of all U.S. mortgages were delinquent in February, according to data released this week. That number, which represents multiple stages of delinquency, was a 2.1 percent increase from February 2020, Irvine-based CoreLogic reported. Early stage delinquencies – 30 to 59 days past due – were at …

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Third-party logistics company to locate in Perris

IE manufacturing

A third-party logistics company has leased a 400,000-square-foot industrial building in Perris. Kenco Logistics Services will serve multiple clients out of the building at 1301 Harley Knox Blvd., according to a statement released Tuesday. The structure, which includes 4,650 square feet of office space, is part of the Perris Gateway …

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Progressive negotiates AV sale

Progressive Real Estate Partners has negotiated the sale of a 5,000-square-foot retail building in Apple Valley. The building, at 20152 U.S. Highway 18, sold for $1.3 million in an all-cash transaction, the Rancho Cucamonga-based commercial real estate brokerage announced today. Recently renovated, part of the building is occupied by Little …

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U.S. home prices keep rising

median priced home

Home prices continued to rise in March, the result of increased consumer confidence and more people returning to the job market. The price of a single-family home rose 11.3 percent in March year-over-year, with millennials leading the way while splitting into two camps: those looking for a “move-up” home and …

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SB apartment complex fetches $16.5 million

building sold

Hillside Village, an 80-unit apartment project in San Bernardino has sold for $16.5 million. Tower 16 Capital Partners, a commercial real estate brokerage investment and management company in Encinitas, announced the sale earlier this week. Information about the buyer was not disclosed. “We made major improvements to the Hillside Village …

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Building materials company leases Fontana industrial building

Third-party logistics company lands in Fontana

A maker of construction materials has leased a 119,000-square-foot industrial building in Fontana. Tremco Inc., a subsidiary of Tremco Construction Products Group in Beachwood, Ohio, has signed a 10-year lease on the property at 7630 Cherry Ave. and will use it mostly for distribution, according to Dermody Properties, the property’s owner. …

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