Multifamily news in Inland Empire

Demand, Deliveries Maintain Rent Growth in the Inland Empire
Bolstered by population gains, multifamily demand continues to be strong for both Lifestyle and Renter-by-Necessity assets across the metro, where rents are expected to rise by 4.4 percent in 2018.
News
Luxury SoCal Development Lands Management
The Trails at Canyon Crest, a 216-unit community, broke ground in October 2017. Construction is anticipated to finish early next year.
Luxury
Trammell Crow, HQ Capital to Develop Inland Empire Apartments
The 211-unit, transit-oriented Alexan Montclair was designed by Architecture Design Collaborative and construction is expected to start immediately.
Market Rate

  • BRIDGE Adds 200 Units to CA Affordable Housing

    The nonprofit opened the second phase of Ivy at College Park, a $41.6 million project that includes a total of 335 units in San Bernardino County.

    09 February 2018 15:30

  • Strength of the Inland Empire

    Rents continue to grow at a solid rate, thanks to steady job gains as the region’s economic cornerstone, the industrial sector, is surging.

    05 February 2018 16:42

  • Cameron Properties Sells Inland Empire Community

    The property, featuring a mix of affordable rental units with street-level retail space, sold for nearly $5 million to a private investor.

    11 January 2018 12:34

  • Capital One Closes $17M Student Housing Refi

    The 341-bed International Village serves students at the University of California Riverside and has an occupancy rate of 93 percent.

    02 November 2017 10:12

  • Inland Empire Shows Strength

    Backed by a booming industrial market, the metro added 48,000 jobs in the 12 months ending in July. Apartment deliveries have been slow throughout the cycle, but that is likely to increase as demand continues to push rents higher.

    06 October 2017 13:56

  • Inland Empire Asset Trades in 1031 Exchange

    Providence Capital Group placed a non-contingent offer for the 140-unit community in Hemet, Calif., which traded for $15.5 million. Marcus & Millichap represented the seller and procured the buyer.

    21 August 2017 17:59

  • CBRE Closes Inland Empire Sale

    Evart Street Apartments in Montclair, Calif., changed hands for $8.9 million, one of the highest per-square-foot prices for a multifamily property in the area, according to the brokers.

    18 August 2017 08:49

  • Master Plan Brings Green to SoCal Desert

    Family Development and Presidio Residential Capital have received the go-ahead for a 660-acre development in Riverside County, Calif. Comprising apartments, condominiums, townhomes and single-family homes, the project would be the first of its kind in the Coachella Valley.

    15 August 2017 13:47

  • Bellwether Secures $75M Refi for Luxury Inland Empire Asset

    The company arranged a $59 million permanent loan and a $16 million mezzanine loan for a 298-unit community asset in Ontario, Calif.

    28 July 2017 14:06

  • The Inland Empire Expands

    Rent growth in San Bernardino and Riverside counties continued its extremely fast pace over the past year, supported by a healthy job market and moderate inventory expansion.

    23 May 2017 13:52

  • Inland Empire Apartments Sell in 1031 Exchange

    A family trust purchased the property, which has high value-add potential, in a 1031 exchange, a transaction that multifamily investors have increasingly executed in the Inland Empire, which has a limited inventory of apartment communities for sale.

    11 May 2017 16:34

  • Denver Investor Buys Inland Empire Apartment Properties

    Sagebrush Capital Holdings has acquired a two-property, fully occupied apartment portfolio totaling 320 units.

    23 February 2017 08:13

  • Yardi Matrix: Inland Empire’s Rule

    The Inland Empire is among the metros not affected by moderation in rent growth.

    26 January 2017 13:24

  • MG Properties Acquires $75M Inland Empire Community

    CBRE arranged financing for the 320-unit Santa Rosa Apartments.

    23 January 2017 13:15