A 236-unit multifamily complex in Upland has been sold. The Benson, which recently underwent a major upgrade, changed hands for $80.7 million, or $342,161 per unit, according to Institutional Property Advisors, a division of Marcus & Millichap. The seller, who was not identified, is an affiliate of Abacus Capital Group …
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Three point eight percent of all U.S. mortgages were in some state of delinquency in October, a year-over-year decrease of 2.3 percent, according to data released Monday. Early delinquencies – 30 to 59 days past due – were down 1.2 percent, while adverse delinquencies – 60 to 89 days due …
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Proposed by the University of Redlands, the mixed-use project would serve as a gathering place for the city and the university, in addition to providing more residential and retail. development. One Redlands official says he’s anxious to see the proposal, which yet to be presented to the city. If …
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U.S. home prices rose 18.1 percent in November year-over-year, according to data released last week. Month-over-month, home prices rose a solid 1.3 percent, as one of the hottest years for home price drew to a close, Irvine-based CoreLogic report. Home prices are expected to continue to grow this year, but …
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Freeway Business Center, an industrial facility in Riverside, has been sold. Alere Property Group bought the building at 2677 E. Alessandro Blvd., according to a statement released Friday. The 709,000 square-foot structure next to Interstate 215 was completed last year. It is fully leased to UNIS, LLC, a national third-party …
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CBRE has negotiated the sale of a 182,630-square-foot industrial building in Colton. The structure, at 1603 S. La Cadena Drive, is fully occupied and leased to a single-tenant, according to a statement released today. The buyer was Walton Street Capital, a private equity real estate investment firm in Chicago. The …
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IE Business Daily Business news for the Inland Empire.
