Multifamily news in Inland Empire
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Inland Empire Multifamily Report – Winter 2019
Multifamily property sales totaled $1.4 billion in 2018 and are expected to spike this year, following the rejection of Proposition 10.
22 February 2019 13:37 -
Henley USA Enters Inland Empire Market
In a partnership with Tower 16 Capital Markets, the company purchased Hillside Village in San Bernardino Valley. The new owner intends to renovate the 80-unit property.
23 January 2019 18:05 -
Inland Empire Community Sells for $42M
Berkadia has arranged the sale of the 194-unit property located in Ontario, Calif., approximately 26 miles from downtown San Bernardino.
16 January 2019 18:05 -
LivCor Trades 288-Unit SoCal Asset
The company sold the Inland Empire asset for more than $63 million, with Capital One providing a Fannie Mae acquisition loan to the buyer.
27 November 2018 14:32 -
Limited Deliveries Prop Up Inland Empire Rent Growth
The industrial sector continues to drive development in the area, bolstering demand for multifamily properties.
26 November 2018 13:53 -
Inland Empire Community Changes Hands for $35M
Davlyn Investments acquired the 125-unit luxury residential property located in Chino Hills, Calif., with financing provided by City National Bank.
21 November 2018 17:02 -
FPA Grabs Age-Restricted Inland Empire Community
Positive Investments, which picked up the 177-unit Class C property in 2016 for $11.9 million, traded the asset for more than $14 million.
01 November 2018 17:53 -
SoCal Affordable Community Changes Hands
The 60-unit fully affordable property fetched a price tag of $3 million, with the buyer landing $2.7 million in acquisition financing.
24 October 2018 14:03 -
Top 10 Inland Empire Multifamily Transactions
The Inland Empire market continues to grow its multifamily inventory at a slow burn, further inflating rent rates and property values. One result is rising per-unit prices, which are about $9,000 higher than the national average.
12 October 2018 14:08 -
C.W. Driver Completes $78M Student Housing Project
The assets include a 407-bed community and a 750-seat dining facility and will serve students attending California State University, San Bernardino.
02 October 2018 16:27 -
Riverside Community Gets New Management
UBS Realty Investors, the owner of the 2005-built, 256-unit Inland Empire asset, selected Alliance Residential Co. to oversee property operations.
19 September 2018 07:31 -
Majestic Realty Enters Multifamily Market
The longtime developer's first residential project is a 17-building, garden-style community in Southern California's Inland Empire. Completion is scheduled for late 2019.
11 September 2018 13:39 -
SoCal Apartments Trade for Nearly $50M
The seller, StarPoint Properties, acquired the 232-unit Class B community in the Inland Empire for approximately $15 million in late 2001.
06 September 2018 20:42 -
CBRE Brokers the Sale of 2 CA Properties
The properties, located in the Inland Empire and Orange County, sold for a total of $10.8 million.
04 September 2018 16:32 -
SoCal Community Changes Hands
Prism Multifamily funded the acquisition of the 121-unit Class A Latitude 33 in Palm Springs with a $10.8 million loan originated by Walker & Dunlop.
21 August 2018 12:52