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Colton apartment complex sells for $88 million

building sold

District at Grand Terrace, a 352-unit multifamily property in Colton has been sold for $88 million. Institutional Property Advisors, a division of Marcus & Millichap, negotiated the transaction, according to a statement. Tower 16 Capital Partners, a commercial real estate brokerage in Encinitas, was the seller.  MG Properties Group in …

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Large industrial building slated for Victorville

Construction will begin soon on an 819,964-square-foot industrial building at the Southern California Logistics Centre in Victorville. The project, which is expected to create about 100 jobs, will be a warehouse-distribution hub for a multinational consumer products company whose name was not released. Groundbreaking is scheduled to held next month. The …

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More vaccination clinics for the Coachella Valley

Inland Empire labor market recovers from COVID-19

Starting Thursday, the Desert Care Network is scheduled to begin providing twice-weekly vaccination clinics. Appointments are required for these clinics, and can be made by going to https://myturn.ca.gov/. The clinics will be held Thursday or Friday at the following locations: 11 a.m. – 4:00 p.m. Sedona Surgical Center (JFK Memorial …

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Two multifamily properties change hands

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 …

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U.S. foreclosures up slightly

Mortgage Charts

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 …

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