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Tag Archives: Real Estate

Report: So Cal apartment rents expected to rise

Apartment Rental Rates Expected to Rise

Southern California apartment dwellers are likely to pay at least $100 more in rent per month by 2021, a recent study predicts. During the next two years, rents will increase by $139 in Los Angeles County, $106 in Orange County, $209 in San Diego County, $110 in Ventura County and …

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New law aims to get more houses built in California

SB 330 lowers fees and makes it easier to get houses built, especially houses that middle-class families can afford. California’s much-beleaguered housing industry may finally be getting some help from Sacramento. On Oct. 9, Gov. Gavin Newsom signed Senate Bill 330 – also known as the Housing Crisis Act of …

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Ontario apartment project sells for $21.5 million

A Newport Beach real estate investment and development company has purchased a 75-unit apartment complex in Ontario. Waterford Property Co. paid $21.5 million for Hallmark at Mission at 1201 W. Mission Blvd., according to a statement. A specialist in land development and entitlements as well as acquisitions and repositioning of …

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Ontario luxury apartment sells for record price

A 75-unit luxury apartment complex in Ontario has been sold, reportedly for a record price. Hallmark at Mission changed hands for $21.5 million, believed to be the most ever paid for a multifamily development in Ontario, according to a statement. The Mogharebi Group, which brokers multifamily properties throughout California, helped …

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Industrial project planned for Perris

A real estate investment trust in Chicago has purchased three vacant parcels in Perris, where it plans to build an industrial project. First Industrial Realty Trust Inc. will develop a 315,000-square-foot warehouse-distribution project on the 16.2-acre site, according to a statement released by Avison Young, the Toronto-based commercial real estate …

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Local, national foreclosures remain low

Inland Empire Foreclosures Drop

Three point eight percent of all mortgages nationwide were in some stage of delinquency in July, according to data released Tuesday. That was a 0.3 percent decline year over year, Irvine-based CoreLogic announced in its monthly Loan Performance Insights Reports. “Delinquency” is defined as 30 days or more past due, …

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