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Tag Archives: Real Estate

Shopping center sells for $54.3 million

Sold Spelled in Tiles

A community shopping center in Ontario has been sold for $54.3 million. New Haven Marketplace was purchased by Sakioka Farms, a Costa Mesa-based real estate company, according to a statement released Monday by Newmark Group Inc. Newmark represented the buyer,  Frontier Real Estate Investments in Newport Beach. Anchored by a …

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San Bernardino retail building sells for $4.9 million

A 20,000-square-foot retail structure in San Bernardino occupied by Office Depot has been sold for nearly $4.9 million. The building, at 675 E. Hospitality Lane, is part of the Tri-City Commons/Hospitality Lane District, one of the Inland Empire’s better-known retail, dining, office and hospitality destinations, according to Progressive Real Estate …

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Rents drops to lowest level in 12 months

UofR Giving Day declared a success

Median rent in the United States rose 1.7 percent in February, to $1,937, according to data released recently. That was the smallest year-over-year increase in asking rental rates in nearly two years, and the lowest median rent nationwide in 12 months, Seattle-based Redfin reported. February was the ninth consecutive month …

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Report: Housing costs consume many household incomes

Seven Inland Empire multifamily properties change hands

More than 40 percent of Inland Empire households spend at least one-third of their income on housing, a UC Riverside report has found. The study – “Housing and Sustainability in the Inland Region: Affordability, Equity, and Changing Demographics – also found that housing construction in Riverside and San Bernardino is …

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Chino self-storage facility changes hands

Sold Sign

A 701-unit self-storage facility in Chino has been sold. Westport Properties Inc. in Irvine bought the facility at 13555 Ramona Ave. for an undisclosed sum, according to a statement released last week. The sellers name was not released. Westport, which owns and operates more than 13.2 million square feet of …

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Inland retail market stays up

Nationwide housing prices take record jump

The Inland Empire’s retail sector put up solid numbers during the fourth quarter, despite persistent inflation and a tighter-than-normal credit market. Vacancy was 6.5 percent, unchanged from the previous quarter, while the average lease rate of $2.15 per square foot represented a modest four-cent decrease compared with the third quarter, …

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