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Real Estate

Inland multifamily rents climb

Multifamily rents in the Inland Empire grew 11.2 percent in May year-over-year, according to data released this week. That ranks the Inland region 18th in multifamily rent growth among the top 40 U.S. markets, between Indianapolis [11.8 percent] and Denver [10.8 percent], according to apartments.com. Florida cities made up the …

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Home prices hit a new high

Housing rents continue to rise

U.S. home prices grew by a record-high 20.9 percent in April, according to data released this week. That was the second consecutive month home prices were up by more than 20 percent, and the 123rd consecutive month that an increase in home prices was recorded, Irvine-based CoreLogic reported. An estimated …

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Starbucks to locate in Corona

Starbucks has signed a 10-year lease to occupy space in Corona. The 1,800-square-foot drive-thru facility will be built on an open parcel at 4300 Green River Road, according to Progressive Real Estate Partners in Rancho Cucamonga. The property, visible from the 91 Freeway, is in front of a service-oriented retail …

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State housing industry has its eyes on budget surplus

Gov. Gavin Newsom recently announced a budget surplus of nearly $100 billion, which has various interest groups throughout the state scrambling for their share. One of those is the housing industry, which is making its case for getting some help from Sacramento.   California has a $97.5 billion surplus, and …

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Coachella Valley apartments change hands

Sold Stamp

Three apartment complexes in the Coachella Valley have been sold for $3.8 million. The properties, at 3760 and 4022 E. Calle De Carlos in Palm Springs and 78981 Savanna La Mar Drive in Bermuda Dunes, were bought by a local private investor whose name was not released, according to a …

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Major Ontario apartment complex is sold

Fontana shopping center sold

A Chicago-based real estate investment company has purchased a 736-unit apartment complex in Ontario. Waterton, which specializes in multifamily, senior living and hospitality projects, bought Terracina 3303 S. Archibald Ave., for an undisclosed sum, according to a statement on the company’s website. The 41.3-acre community, which will be rebranded as …

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