Home prices nationwide increased 15 percent in 2021, the result of high demand and not enough houses available for sale, according to data released Tuesday. That was a nine percent increase from 2020, as home prices grew 10 percent in first quarter and reached 18 percent growth in the fourth …
Read More »
Three retail pads at a new shopping center in Palm Desert have been sold. Chick-fil-A Drive Thru, Quick Quack Car Wash and AT&T/Spectrum bought one property each at the recently developed Monterey Crossing, according to Hanley Investment Group Real Estate Advisors. Hanley Investment arranged all three transactions, which combined totaled …
Read More »
The Inland Empire is among the top U.S, regions in which to invest in commercial real estate, according to a real estate investment firm. The two-county region ranked 18th out of 20 markets, one of only three California markets listed by Portland, Ore.-base CrowdStreet. San Diego (11) and San Francisco-Oakland …
Read More »
A record number of mega-warehouse deals happened in the United States last year, according to data released this week. Companies signed on to 57 warehouse leases one million square feet or larger, a 19 percent increase compared with 2020, CBRE reported. Ten of the top 100 industrial and logistics leases …
Read More »
A medical/commercial complex in Hemet has been sold for $5.5 million. Courtyard Medical & Professional Center at 910-960 N. State. St. was purchased by an out-of-country investor whose name was not released, Progressive Real Estate Partners in Rancho Cucamonga announced today. The seller was a Newport Beach investor who also …
Read More »
The Inland Empire’s industrial market closed out 2021 on a high note, as total inventory rose to 615 million square feet as the year ended. Vacancy in Riverside and San Bernardino counties dropped to 0.87 percent during the fourth quarter, the third straight quarter in which vacancy was under one …
Read More »
IE Business Daily Business news for the Inland Empire.
