An Ontario property originally intended for houses will instead be home to a “big-box” industrial project. Dermody Properties will develop Logisticenter at Ontario Ranch on a 54.4-acre parcel at Hamner Avenue and Ontario Ranch Road, the Reno-based company announced Tuesday. Logisticenter will consist of one industrial warehouse that will cover …
Read More »National, foreclosure rates hit record lows
Nearly four percent of all U.S. mortgages were in some state of delinquency – at least 30 days or more past due – in September, a 2.4 percent year-over-year decrease, according to data released this week. Adverse delinquencies – 60 to 89 days past due – were at 0.3 percent in September, …
Read More »Jurupa Valley industrial building changes hands
Avison Young has negotiated the sale of a 139,000-square-foot industrial building in Jurupa Valley. The vacant structure at 10220 San Sevaine Way sold for $19.8 million. The buyer was a was Stos Partners, a real estate investment firm in San Diego. The seller was a private company whose name was …
Read More »Foreign investor buys Ontario apartment complex
A 75-unit apartment complex in Ontario has been sold for $28 million. The property, at 840 Magnolia Ave., was purchased by a private foreign investor whose name was not released, according to CBRE Ontario, which brokered the deal. The seller was a private investor who also wished to remain anonymous. …
Read More »New Jersey company buys Inland cold storage facility
A cold storage/manufacturing facility in Colton has been sold for $7.5 million. The 45,000-square-foot operation at 1750 N. 8th St was purchased by Integreon Global LLC in New Jersey, according to a statement released by Avison Young. Avison Young represented Integreon Global in the negotiations. The seller, Modu Food Factory, …
Read More »Major home equity growth helps homeowners avoid foreclosure
U.S. homeowners with mortgages saw the equity in their homes rise an average of 31.1 percent between the third quarter of 2020 and the third quarter of this year, according to data released this week. That was a collective equity gain of more than $3.2 trillion – an average gain …
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