Apartment rents rose slightly nationwide in March, according to a report released March 31. The average monthly rent was $1,723, a 0.2 percent increase compared with the $1,719 average recorded in February, Apartments.com reported. March was the fourth consecutive month rent growth went up, a trend that follows flat or declining …
Read More »Two car wash properties sold
Two Quick Quack Car Wash properties in San Bernardino County have been sold for a combined $5.2 million. Both facilities were built recently and have a 20-year ground lease attached to them, according to Hanley Investment Group in Corona Del Mar, which negotiated for the sellers in both transactions. The …
Read More »Build-to-rent community opens
A community of 180 rental-only single-family homes has opened in southwest Riverside County. Tricon Winchester, which covers 67 acres near Domenigoni Parkway and Prairie Loop Road, is a combination of three and four-bedroom floor plans ranging from 1,532 to 1,858 square-feet, according to a statement released by Tricon Residential, the …
Read More »Home-sale cancellations rise
More than 42,000 home-sale contracts were cancelled nationwide in February, 13.7 percent of the houses that were set to change hands during that time. That was up from 12.8 percent in February 2025, and the highest cancellation percentage during the second month of the year since 2017, according to Redfin, …
Read More »Victorville retail center sold
A retail center in Victorville has been sold for $7 million. Victor Town Center, a three-tenant facility at 1498 7th St., was sold by PacWest Management Inc. in Los Angeles to a private investor in Los Angeles who wished to remain anonymous, according to Hanley Investment Group in Corona Del …
Read More »State housing market up slightly
California’s housing market improved slightly in February, the result of slight improvements in mortgage rates and affordability. Sales of existing single-family homes totaled 274,820 last month, up seven percent from January but down 0.3 percent year-over-year, according to the California Association of Realtors. Statewide, the median price of a single-family …
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IE Business Daily Business news for the Inland Empire.