Tuesday , October 3 2023
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Real Estate

IE industrial market stays strong

Inland Empire Industrial Market

The Inland Empire’s industrial market continued to roar during the fourth quarter of 2019, with significant year-over-year jump in gross absorption along with solid vacancy and lease rates. Total industrial absorption in Riverside and San Bernardino counties at the end of last year was 10,047,337 square feet, an increase of …

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Property with In-N-Out Burger, Corky’s sells for $8 million

A Yucaipa property occupied by an In-N-Out Burger and Corky’s Kitchen & Bakery has been sold for $8 million. The 2.2-acre site next to Interstate 10 at Yucaipa Boulevard sold for approximately $956 per square foot, a record for a two-tenant retail property in that part of San Bernardino County, …

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IE mortgage delinquencies drop slightly

Inland Empire Foreclosures Down

Three point six percent of mortgages in the Inland Empire were in some stage of delinquency – at least 30 days past due – in October, a slight year-over-year decrease, according to data released Tuesday. Of those, one percent were in serious delinquency – 90 days or more past due …

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Property in downtown SB sells

A retail property in San Bernardino occupied by Food 4 Less and Ross Dress for Less has been sold. Wood Investment Companies Inc. in Costa Mesa bought the property at 505 an 555 W. 2nd St. for an undisclosed sum, according to a statement.  The seller was Canyon Developer, LLC …

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SB apartment complex sells

A 43-unit apartment complex in San Bernardino has been sold. Villa Real Apartments was sold to a local investor whose name was not released, CBRE announced. The seller also wished to remain anonymous. Located at 4190 Sepulveda Ave., the complex is made up entirely of one-bedroom, one-bathroom units is near …

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Victorville apartment complex sells for record price

Golden Sands, a 120-unit apartment complex in Victorville, has sold for $14.2 million. Hanes Properties LLC, a real estate investment and management firm in Los Angeles, bought the property from Positive Investments, an Arcadia-based real estate and property management firm, CBRE announced. CBRE represented Positive Investments in the negotiations, which …

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