Friday , March 24 2023
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Real Estate

U.S. foreclosures up slightly

Mortgage Charts

An estimated 5.6 percent of all U.S. mortgages were in delinquency – at least 30 days past due – in January, according to data released last week. That was a year-over-year increase of 2.1 percent, although month-by-month delinquency rates have been dropping since August, Irvine-based Core Logic reported in its …

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Menifee apartment complex sold

Sold Sign

An apartment complex in Menifee has sold for $6.5 million. The 34-unit community at 28378 Encanto Drive was purchased recently by a private investor whose name was not released. The seller also wished to remain anonymous. CBRE represented both parties. Built in 1992, the complex is on nearly three acres. …

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Teachers pension group buys IE industrial portfolio

building sold

The California State Teachers’ Retirement System has purchased an 11-building industrial portfolio in the Inland Empire for $320 million. Forty five percent of the properties are either leased or their owners have agreed to terms, according to a statement released by Crow Holdings, a Dallas real estate investment and development …

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Perris shopping center lands two more tenants

Two well-known fast-food chains have agreed to locate in Perris. KFC and Little Caesars Pizza will lease 2,200 and 1,400-square-feet, respectively, at the Spectrum Center, according to a statement released this week by Progressive Real Estate Partners in Rancho Cucamonga. Progressive Real Estate represented the landlord, Atlas Properties in Laguna …

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Inland Empire Industrial market sizzles

The Inland Empire industrial market stayed red hot during the first quarter, fueled by the demand for e-commerce created by the pandemic, according to data released today. Vacancy fell to 2.73 percent during the first three months of 2021, despite a number of speculative projects that came on the market …

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Colton apartment complex changes hands

The District at Grand Terrace, a 352-unit apartment complex in Colton has been sold for $88 million. Tower 16 Capital Partners in San Diego, which spent two years and $2.6 million renovating the property, was the seller, according to statement released today. The buyer was MG Partners, a San Diego-based …

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