High mortgage rates, and the wildfires that wreaked devastation on much of Southern California, are being blamed for a drop in the state’s housing market during the first month of 2025. Sales of existing single-family homes totaled 254,110 in January, down 10 percent from December and down 1.9 percent year-over-year, …
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A multi-tenant commercial project in San Bernardino has been sold for $6.7 million. The 44,290 square-foot “flex center” at 165 E. Hospitality Lane is part of the Tri City Commercial Hub/Hospitality Lane District, one of the Inland Empire’s most popular commercial centers, according to Progressive Real Estate Partners in Rancho …
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Willow Townhomes, a 39-unit multifamily building in Ontario, has been sold for $17.4 million. The new project at 221 N. Mountain Ave., was sold to a foreign investor whose name was not released, according to a statement. CBRE represented the seller, 221 N. Mountain Ave. Holding LLC, in the transaction. …
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A Riverside property occupied by a Raising Cane’s restaurant has been sold for $6.8 million. The 1.3-acre parcel at 4100 Central Ave. was sold to a Southern California developer whose name was not released, according to SRS Real Estate Partners in Newport Beach. The seller was a Washington developer who …
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Financing has been secured for construction of a 384-unit multifamily project in Ontario. Marcus & Millichap Capital Corp. has negotiated $107 million for the development of Adept Ontario at 4117 E. Concours St., according to a statement. The project next to Toyota Arena will include several digital media signs and 26,000 …
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Two buildings in Rancho Cucamonga, one occupied by a Chipotle Mexican Grill, the other by a Starbucks Drive-Thru, have been sold for $6.2. million. Chase Partners Ltd. in Glendale, the property’s developer, sold the property to a private investor in Los Angeles whose name was not released, according to Hanley …
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IE Business Daily Business news for the Inland Empire.
