Real Estate

  A six-story Class A office building in Ontario has been sold for $39 million. Ontario Airport Tower was purchased by MGR Real Estate in Ontario, according to a statement released today by Newmark, a global commercial real estate firm that arranged financing for the transaction. Information about the seller …

Two point eight percent of all U.S mortgages were in some stage of delinquency in October, a year-over-year drop of one percent, according to a report. Of those, mortgages 30 to 59 days past due stood at 1.3 percent, while those 60 to 89 days past due made up 0.4 …

U.S. home prices rose 8.6 percent in November, the 130th consecutive month of price growth, according to data released today. That was the lowest rate of appreciation since November 2019, and it ended a streak of 21 consecutive months of double-digit price increases, Irvine-based CoreLogic reported. The 8.6 percent growth …

U.S. rents grew 8.8 percent in October, the lowest year-over-year growth rate since June 2021. That was also the sixth consecutive month that single-family rent growth slowed compared with the previous year, yet the 8.8 percent appreciation was three times larger than before the pandemic, Irvine-based CoreLogic reported. Rents are …

With 2023 on the horizon, the Inland office market is showing signs of life, including vacancy below 10 percent and the possibility of more construction. Much depends on whether a recession hits this year, and if so, how severe it may be.   Is the Inland Empire office market starting …

A 205,589-square-foot industrial building in Perris has been sold. The structure at 100 W. Walnut Ave. sold for $59.2 million, according to Avison Young Ontario. Avison Young represented the buyer, a fund managed by Ares Management, a global alternative investment manager. The seller, an investment group called 100 Walnut, LLC., …