Wednesday , July 28 2021

Real Estate

Desert apartment portfolio is sold

Two apartment properties in Palm Desert with a combined 55 units have sold for $8.8 million. Tiki Gardens Apartments, 45325 Panorama Drive, and Shadow Hills Apartments, 74550-74610 Shadow Hills Road, sold to a private investor whose name was not released, according to CBRE. Both properties are near El Paseo Drive, …

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Perris retail building sells

A 7,000-square-foot retail building in Perris has sold for $2.3 million. The property, at 2560 N. Perris Blvd., was sold to a local investor who plans to renovate the property and open a Mexican food restaurant and catering business there, according to Progressive Real Partners in Rancho Progressive represented the …

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SB senior community changes hands

A senior community in San Bernardino has been sold for $7.2 million. The Mogharebi Group, a brokerage firm that specializes in multifamily properties in California, negotiated the sale of the Bernardine Senior Independent Living, a four-story, 71-unit complex, according to a statement. The buyer was an investment group in the …

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