Thursday , June 13 2024
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Real Estate

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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Perris logistics facility sells

Industrial real estate market

Harvill Business Center, a logistics facility in Perris, has been sold. The 423,665-square-foot operation at 20123 Harvill Ave. was sold to Black Creek Group, a Denver-based real estate investment management firm, according to a statement released today. Core5 Industrial Partners in Atlanta, a developer of industrial properties, was the seller. …

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Walgreens building is sold

Sold Sign

A Rialto building occupied by a drive-thru Walgreens has been sold. The 14,410-square foot structure at 918 E. Foothill Blvd. sold for $8.7 million to a private investor, CBRE announced today. The sale price worked out to $605 per square foot. The final price was the most paid for a …

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Home prices remain high

U.S. home prices reached their highest annual gain in nearly 15 years in February, as demand continues to overwhelm supply. Nationwide, the price of a single-family home rose 10.4 percent last month compared with February 2020, the largest year-over-year increase since April 2006, Irvine-based CoreLogic reported today. Home prices are …

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Palm Springs tells developers to finish their hotels

The construction of four hotels in Palm Springs has languished, leaving the city to threaten each developer with legal action if that doesn’t change. All four properties are hurting nearby businesses, according to city officials.   Palm Springs already has more than its share of hotels, and it’s trying to …

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