Tag Archives: Real Estate

An apartment complex in Corona has been sold. Promenade Terrace, a 330-unit community, sold for $78.5 million, or nearly $238,000 a unit, according to a statement released Wednesday. Institutional Property Advisors, a division of Marcus & Millichap that works with institutional and major private real estate investors, represented the seller …

The Inland Empire office market slowed during the third quarter, as demand for space stalled and the region posted a negative absorption rate. The region’s 15.1 percent vacancy rate was essentially unchanged from the second quarter, according to Newmark Grubb Knight Frank’s third quarter report on the Inland office market, …

Construction is expected to start next summer on a 75-unit apartment complex in Ontario. Hallmark at Mission will be developed at Mission Boulevard and South Magnolia Avenue, a parcel now occupied by a storage facility, said Andrew Salter, associate land advisor with WD Land in Irvine, which is marketing the …

National pending home sales were a mixed bag in August. Year-over-year, pending sales were up a robust 6.1 percent, according to data released Monday by the National Association of Realtors. That marks 12 consecutive months that pending sales – meaning a contract of sale has been signed but the transaction …

Pending home sales in California fell in August but were strong enough to register year-over-year gains for the 10th consecutive month. Month-over-month, the Pending Home Sales Index fell 8.7 percent from July, according to data released Tuesday by the California Association of Realtors. During the last seven years, the index …

A Long Beach-based firm has leased a 750,000-square-foot warehouse-distribution building that it developed in Fontana. LG Electronics USA, which manufacturers flat screen television sets, refrigerators, microwave ovens and other household appliances, moved into the building at 5565 Sierra Ave. last week, said Charley O’Desky, project manager for Pacific Industrial. The …