Real Estate

A 13-unit multifamily portfolio in Bloomington has been sold for $2.7 million. Located in the 17770 block of Marygold Ave. and 9945 Alder Ave., the properties include 3.5 acres of surplus land for development or other uses, according to CBRE. CBRE represented buyer and seller in the negotiations. Information about those …

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 …

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. …

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 …

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 …

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 …