Ontario Airport Distribution Center, a 102,440-square-foot facility, has been sold. The building, at 1521 S. Hellman Ave., sold for $12 million to Parter Medical Products LLC in Ontario, according to a statement. The seller was Newcastle Partners Inc., a San Francisco-based real estate development and investment company. Parter Medical manufactures …
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Rental rates of multifamily properties throughout the United States were flat in September, the first such drop in nearly one year. Average monthly rents last month were $1,219, a drop of $1 from August, according to Yardi Matrix, a commercial real estate research and data service that specializes in the …
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Inland Empire home prices, including distressed sales, rose by 5.7 percent year-over-year in August, according to data released Tuesday. That was below the national rate, which was up 6.2 percent in August compared with August 2015, Irvine-base CoreLogic reported. California’s home prices, including distressed sales, were up 5.9 percent during …
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Manufacturing in the Inland Empire grew for the second consecutive month during September, according to data released Monday. The region’s purchasing manager’s index was 56.2, down from the 60 recorded in August but still a strong rate of growth for Riverside and San Bernardino counties, Cal State San Bernardino reported …
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Distressed sales accounted for 7.8 percent of all home sales in the United States during June, while real estate-owned sales accounted for 4.9 percent of those transactions, according to data released Thursday. Bank-owned sales were 23.9 percentage points below their peak of 27.9 percent in January 2009, Irvine-based CoreLogic reported …
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The Inland Empire’s foreclosure rate was essentially unchanged in July, according to data released Wednesday. Of the region’s outstanding mortgage loans, 0.54 percent were in foreclosure, down from 0.74 percent in July 2015, Irvine-based CoreLogic reported. That was below July’s national foreclosure rate, which was 0.93 percent. The Inland Empire’s …
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IE Business Daily Business news for the Inland Empire.
