One of the largest multifamily communities in the Inland Empire has been sold. Terracina Apartment Homes, a 736-unit project in Ontario, sold for $142.1 million, according to a statement by Marcus & Millichap. The sale, which works out to more than $193,000 per unit, was announced Thursday. The transaction was …
Read More »Industrial Tenants Announced
Stirling Capital has announced the two tenants that have agreed to locate at an industrial building the company is developing at the Southern California Logistics Centre in Victorville. Arden Cos., a manufacturer of outdoor cushions, furniture and decor, will lease 211,000 square feet of the building, according to a statement …
Read More »Inland Empire Foreclosures Drop Slightly
Foreclosures took a modest drop in the Inland Empire during March. The foreclosure rate among outstanding mortgages in Riverside and San Bernardino counties stood at 0.64 percent, down from 0.85 percent in March 2015, according to data released Tuesday by CoreLogic in Irvine. That was below the national foreclosure rate …
Read More »High Desert Posts Solid Numbers
The High Desert real estate market is picking up a little steam. The region absorbed more than 291,000 square feet of industrial space during the fourth quarter of 2015, with an average lease rate of 68 cents per square foot, according to Dock High, a news letter published every two …
Read More »Home Cash Sales Inch Down
The number of cash sales in the Inland Empire housing market dropped slightly in February. Cash transactions accounted for 26.4 percent of all the homes sold in Riverside and San Bernardino counties during the second month of the year, according to data released Thursday by CoreLogic in Irvine. That was …
Read More »Housing Market Slows Down
The Southern California housing market hit a bump in the road in April, experiencing a year-over-year drop for the second time in 12 months. Sales in the six-county region were down 3.2 percent compared with April 2016, Irvine-based CoreLogic reported its monthly report on the Southern California housing market, which …
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