A self-storage company based in Ladera Ranch has purchased a facility in Riverside. SmartStop Self Storage Inc., a real estate investment trust, bought the self-storage operation at 6637 Van Buren Blvd. for an undisclosed sum, according to a statement. The property, which has been converted to a SmartStop, has 379 …
Read More »Delinquency rates stay up
Nearly five percent of all U.S. mortgages were in some state of delinquency – 30 days or more past due – in March, a 1.3 percent increase from exactly one year earlier, according to data released today. That was the lowest number since March 2020, when the national delinquency rate …
Read More »Construction underway on large logistics project
Construction has begun on a 1.1-million-square-foot logistics building in unincorporated Riverside County. Knox Logistics VII, a warehouse distribution center, is being developed by Trammell Crow Co. and Clarion Partners LLC at I-215 freeway and the Cajalco Expressway, according to a statement released this week. “We are very excited to begin …
Read More »Inland brokerage arranges restaurant lease
A Norco commercial real estate firm has secured a lease in Orange County for a popular restaurant chain. Jalapeno’s Mexican Food will occupy 1,400 square feet in the Lakeview Shopping Center in Yorba Linda, according to Capital Income Properties Group. The five-year lease includes multiple extension options. Financial details were …
Read More »Home prices hit highest point in 16 years
U.S. home prices rose 13 percent in April year-over-year, the largest increase of that kind since February 2006. Not enough new houses are being built, combined with an ever-growing number of people who want to enter the housing market or purchase a “move-up” home, which continues to push home prices …
Read More »Proposed commercial development for downtown Norco gets slapped down
Norco Valley Square would bring much-needed residential units, and possibly a hotel, to the city that takes great pride in its rural atmosphere. But some residents don’t like that idea, and the planning commission agrees with them. An appeal to the city council has been filed. A 19-acre commercial and …
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