Inland Empire Apartment Boom

Big deal in Riverside: PCCP and Alliance Residential just dropped $65.3 million on The Hawthorne, a brand-new 184-unit apartment complex that opened in 2023. These real estate powerhouses are on a buying spree—recently snapping up massive complexes in Houston and near Philly. Meanwhile, the Inland Empire is heating up, with rents projected to jump 4.6% this year, fueled by rising demand for more affordable housing compared to pricey L.A. areas. This purchase is just another signal that the Inland Empire is becoming Southern California’s next big apartment hotspot. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8452b20d08a4ec32