Thursday , June 1 2023
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Real Estate

Inland loan performance is stable

Inland Empire Foreclosures Down

Three point eight percent of all Inland Empire mortgages were in some state of delinquency in November, unchanged from November 2018, according to a report. Also unchanged year-over-year was serious delinquencies and the number of properties in some state of foreclosure – one percent and 0.3 percent, respectively – CoreLogic …

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Proposed housing development in Chino gets turned down

Despite a severe housing shortage, the Chino city council said no to Chino Francis Estates, leaving the project’s developer to explore their options. Chino Francis Estates seemed like the ideal housing development for a city in need of more housing.  According to the Southern California Association of Governments, Chino needs …

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Report: IE apartment rents will rise

Inland apartments part of major transaction

Average rents for multifamily properties in the Inland Empire are expected to rise 3.2 percent this year, nearly a one percent increase year-over-year if that forecast is accurate, a report released earlier this week predicted. Multifamily rents in Riverside and San Bernardino counties are expected to grow at about the …

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Eastvale retail buildings sold

Five recently constructed retail buildings at Eastvale Marketplace, a grocery-anchored shopping center, have been sold. All five structures are approximately 57,000 square feet each, with one home to a Smart & Final Extra, according to a statement released by Hanley Investment Real Estate Advisors, a division of Hanley Investment Group, …

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Riverside apartment complex sells for $2.3 million

Inland Empire Retail Properties Sold

A 15-unit apartment complex in Riverside has sold for $2.3 million. The Lakritz Family Partnership LP in Orange bought the Kansas Apartments, 3332 Kansas Ave., from a private investor, CBRE said. That investor, whose name was not released, owns multiple properties in the area.  The building is in the center …

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Home prices keep rising

Home prices rose four percent in December compared with one year earlier, as housing prices continue to rise in virtually every part of the country, according to data. “Moderately priced homes are in high demand and short supply, pushing up values and eroding affordability for first-time buyers,” Frank Nothaft, CoreLogic’s …

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