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Fore Property Co. Sells Inland Empire Community for $68M
Arte. Image courtesy of Avison Young Fore Property Co. has sold Arte, a 182-unit luxury apartment community in Rancho Cucamonga, Calif., to an affiliate of Providence Capital Group in an off-market...
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Berkadia Arranges $44M Class B Portfolio Refi
Wellington Park Allmark Properties has received financing totaling $44.4 million for two Class B communities: the 260-unit Wellington Park in Lewisville, Texas, and the 164-unit Vineyard Village in...
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What Draws Investors’ Attention to Western Markets?
Paul Kaseburg, CIO, MG Properties Group. Image courtesy of MG Properties Group The multifamily sector remains strong in West Coast cities, particularly because of healthy employment figures. According...
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Inland Empire Multifamily Report – Summer 2020
Inland Empire rent evolution, click to enlarge The Inland Empire’s rental segment showed signs of vigor during the first three months of the pandemic. Sustained demographic expansion, limited supply...
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MG Properties Makes $78M Luxury Purchase
Mitchell Place. Image courtesy of MBK Rental Living MG Properties Group has acquired Mitchell Place, a 230-unit luxury community in Murrieta, Calif., from MBK Rental Living, in one of the largest...
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Inland Empire Multifamily Report – Fall 2020
Inland Empire rent evolution, click to enlarge The Inland Empire’s multifamily market benefits greatly from its vicinity to Los Angeles and the Bay Area, with incoming residents from more expensive,...
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Top California Markets for Construction Activity
One of the immediate effects at the start of the health crisis, as most states took action to prevent the spread of the virus in March and April, was that construction activity slowed down. While...
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Inland Empire Multifamily Report – Winter 2021
Inland Empire rent evolution, click to enlarge The Inland Empire’s multifamily market is showing signs of strength, despite economic headwinds. Rent expansion remained positive through 2020 and...
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Inland Empire Community Commands $88M
The District at Grand Terrace, a 352-unit apartment community in the Inland Empire city of Colton, Calif., has changed ownership. The property was sold by value-add investment and management firm Tower...
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Tower 16 Capital Buys $41M Inland Empire Portfolio
Reche Ridge. Image courtesy of CBRE Logan Capital Advisors has sold a 214-unit multifamily portfolio in Colton, Calif., for $41 million to Tower 16 Capital Partners. CBRE brokered the sale and secured...
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Top California Markets for Multifamily Deliveries
Construction in 2020 has struggled, as stay-at-homes orders imposed at the beginning of the year to help slow down the spread of COVID-19 have generated delays in construction starts and permitting....
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Inland Empire Affordable Project Receives $23M Funding
Coachella Valley Apartments. Rendering courtesy of Interactive Design Corp. Community Housing Opportunities Corp. has received $22.6 million in financing for the development of an affordable community...
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MG Properties Expands in Inland Empire With $138M Buy
Victoria Arbors Apartment Homes. Image courtesy of MG Properties Group MG Properties Group has made its 10th acquisition in the Inland Empire/Temecula Valley region with the purchase of Victoria Arbors...
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Top 5 Multifamily Markets for Rent Growth
The U.S. multifamily market has showcased strong growth in June, with unprecedented rent increases registered across the entire country. Asking rents increased by a substantial 6.3 percent on an...
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Inland Empire Senior Community Sells for $18M
Country Club Apartments Schuler Investment Corp. has acquired Country Club Apartments, a 79-unit senior housing community in San Bernardino, Calif., for $18 million from Crystal Asset Management,...
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Tower 16 Acquires 2 Inland Empire Communities for $107M
Sienna Pointe. Image courtesy of Tower 16 Capital Partners Tower 16 Capital Partners has taken two more steps towards its goal of a 2,000-unit portfolio in the Inland Empire. The company acquired a...
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ASB, Western National Pay $227M for Inland Empire Asset
Solamonte. Image courtesy of ASB Real Estate Investments Mesirow Institutional Real Estate Direct Investments has sold Solamonte, a 521-unit garden-style community in Rancho Cucamonga, Calif., for $227...
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Streamlining Affordable Housing Development Across SoCal
Joy Silver, Regional Director, Community Housing Opportunities Corp. Image courtesy of Community Housing Opportunities Corp. Regulatory barriers, high costs and limited public resources have been...
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Inland Empire Multifamily Report – Summer 2021
Inland Empire rent evolution, click to enlarge The Inland Empire’s rental market posted its best performance yet in 2021. Rents rose 15.1 percent year-over-year through June to $1,843, second among...
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Top California Markets for Multifamily Transactions
Thanks to solid performance in the multifamily sector, investors continue to forge ahead with notable ventures across the country. Year-to-date through August, California markets saw substantial...
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Avanath Pays $65M for Inland Empire Senior Community
River Run Senior. Image courtesy of Greystone Avanath Capital Management has teamed up with Registered Investment Adviser to acquire River Run Senior, a 360-unit affordable, age-restricted community in...
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Inland Empire Senior Community Commands $24M
Zen Diamond Valley. Image courtesy of Institutional Property Advisors FPA Multifamily has closed the disposition of Zen Diamond Valley Senior Living Apartments, a 177-unit community in Hemet, Calif....
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Inland Empire Community Trades for $46M
Portola Redlands. Image courtesy of SBREP SB Real Estate Partners has bought ReNew Redlands, a 124-unit community in the Inland Empire, for $46.2 million. FPA Multifamily was the seller, according to...
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MG Properties Group Buys California Apartments for $156M
Artesa Menifee Town Center. Image courtesy MBK Rental Living MG Properties Group has acquired Artesa at Menifee Town Center for $156 million, or $472,727 per unit. The seller was MBK Rental Living and...
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Nonprofit Kicks Off SoCal Affordable Project
Monarch Apartment Homes groundbreaking. Image courtesy of Noé Montes Community Housing Opportunities Corp. has broken ground on Monarch Apartment Homes, a 60-unit fully affordable development in Palm...
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Tricon JV Breaks Ground on Inland Empire BFR Community
Bacara. Image courtesy of Tricon Residential A joint venture between Tricon Residential, Foremost Pacific Group and Woodbridge Pacific Group Cos. has broken ground on Bacara, a 170-unit townhome...
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Inland Empire Multifamily Report – Fall 2021
Inland Empire rent evolution, click to enlarge The Inland Empire’s multifamily market is booming. Rents averaged $1,993 in October, a 1.9 percent increase on a trailing three-month (T3) basis. The...
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Abacus Capital Sells Inland Empire Asset for $81M
The Benson. Image courtesy of Institutional Property Advisors The Benson, a San Bernardino County apartment asset in Upland, Calif., has changed hands for $80.8 million. An affiliate of Abacus Capital...
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Shopoff Realty Lands $47M for Inland Empire BFR Project
SolTerra development site. Image courtesy of Shopoff Realty Investments A joint venture between Shopoff Realty Investments and Argosy Real Estate Partners has secured a $47 million construction loan...
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Revel Communities Opens Inland Empire Property
Revel Palm Desert. Image courtesy of Revel Communities Revel Communities, a division of Wolff Cos., has finalized construction on the 163-unit Revel Palm Desert, its first independent living community...
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Inland Empire Multifamily Report – March 2022
Inland Empire rent evolution, click to enlarge The Inland Empire’s multifamily market performed well in 2021, displaying a significant rebound in activity compared to the first year of the health...
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CHOC Breaks Ground on Inland Empire Affordable Community
Dolores Huerta at the Placita Dolores Huerta groundbreaking event. Images by Noé MontesPlacita Dolores Huerta groundbreaking event Community Housing Opportunities Corp. has broken ground on Placita...
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Waterton Buys Inland Empire Community
Terracina. Image courtesy of Waterton Waterton has acquired Terracina, a 736-unit community in Ontario, Calif., from Bridge Investment Group. The property last traded in 2016 for $142.1 million when it...
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Capital Foresight Lands $166M Refi for Inland Empire Portfolio
Aventerra II Apartments. Image courtesy of Dwight Capital Capital Foresight has received $166.5 million in HUD 223(F) refinancing loans for seven communities, totaling 1,154 units, located in Fontana,...
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Virtu Investments Sells Inland Empire Asset for $82M
Foothill Ridge. Image courtesy of IPA Virtu Investments has sold Foothill Ridge, a 232-unit community in Upland, Calif., to Clear Capital for $82 million. According to Yardi Matrix data, the buyer...
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LivCor Sells 304-Unit Inland Empire Community
Metro 3610 Silver Star Real Estate has bought Metro 3610, a 304-unit multifamily community in Riverside, Calif. The previous owner, LivCor, had acquired the property in 2019, for $72.3 million,...
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Universe Holdings Acquires 160-Unit Inland Empire Asset
Stonegate Apartments. Image courtesy of Institutional Property Advisors Universe Holdings has acquired Stonegate Apartments, a 160-unit community in Riverside, Calif., from Pacific Living Properties....
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Inland Empire Mixed-Use Project Gets Green Light
State Street Village. Image courtesy of Village Partners Developers Village Partners Investments and The Bascom Group have received the final approval for their State Street Village mixed-use...
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Inland Empire Multifamily Report – August 2022
Inland Empire rent evolution, click to enlarge The Inland Empire has seen extensive improvement in its industrial real estate sector, but multifamily has been equally hot lately. As Southern...
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Inland Empire Storage Facility Lands Refi
A-Storage-Place Palm Frontera Real Estate has received $10.5 million in refinancing for A-Storage-Place Palm, a 96,082-square-foot facility in Riverside, Calif. Transamerica Life Insurance Co. provided...
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Security Properties Pays $33M for Inland Empire Affordable Asset
Village Green Apartment Homes Security Properties Inc. has acquired a 184-unit fully affordable multifamily community, Village Green Apartment Homes, in the Rancho West area of San Bernardino, Calif....
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Inland Empire Multifamily Report – December 2022
Inland Empire rent evolution, click to enlarge The Inland Empire’s rental market continued to exhibit most of the same patterns established during the past decade, with the only major curveball being...
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Inland Empire Multifamily Report – March 2023
Inland Empire rent evolution, click to enlarge The Inland Empire has been one of the strongest performing rental markets in the U.S. throughout the past decade, with slow development and rapidly rising...
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Inland Empire Asset Changes Hands for $51M
The Landing Apartments. Image courtesy of The Mogharebi Group The Mogharebi Group has facilitated the $50.5 million sale of The Landing Apartments, a 156-unit community in Ontario, Calif. A Los...
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Wood Partners Breaks Ground on Inland Empire Project
Alta Fontana. Rendering courtesy of Wood Partners Wood Partners has broken ground on Alta Fontana, a 344-unit multifamily development in Fontana, Calif., in San Bernardino County. Completion is...
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Archway Equities Acquires Inland Empire Property for $150M
4914 Olive Street. Image courtesy of Archway Equities Archway Equities has acquired a Southern California community, The Paseos at Montclair North, from 4914 Olive Street Properties LLC. Situated in...
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Inland Empire Multifamily Report – August 2023
Inland Empire rent evolution, click to enlarge The Inland Empire’s fundamentals were soft but steady in mid-2023. Rent growth was tepid but above negative territory, up 0.3 percent on a trailing...
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Tricon JV Opens Inland Empire BTR Community
(Left to right) Tricon Vice President Joshua Welty, Wildomar Mayor Joseph Morabito, Woodbridge COO Jon Robertson, Councilmember Bridgette Moore. Image courtesy of Tricon Residental A joint venture of...
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Inland Empire Multifamily Report – December 2023
Inland Empire rent evolution, click to enlarge Inland Empire rent evolution, click to enlarge Inland Empire rent evolution, click to enlarge The Inland Empire’s multifamily market entered the fourth...
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CHOC to Open Inland Empire Fully Affordable Community
Community Housing Opportunities Corp. will soon open Monarch Apartment Homes, a 60-unit fully affordable housing community in Palm Springs, Calif. Monarch Apartment Homes comprises 12 two-story...
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