Tuesday , April 23 2024

MGR reports strong 2017

MGR Real Estate purchased $138.8 million in commercial real estate during 2017, the Ontario-based company has reported.

The real estate and property management firm made four major transactions last year, including its purchase of One Lakeshore Centre in Ontario, according to a statement.

That Class A office project near Haven Avenue and Interstate 10 sold for $36.8 million.

MGR, which was founded in 1983, also moved its headquarters from Upland to Ontario last year, and it plans to add Orange County and San Diego properties to its portfolio in 2018, according to the statement.

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