Tuesday , May 28 2024
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Real Estate

West end industrial building sold

building sold

A 49,600-square-foot industrial building in Corona has been sold for $15.9 million. The building, at 1141 California Ave., was purchased last year for an undisclosed sum by PPVS Properties LLC in Castro Valley, according to a statement. PPVS Properties then renovated the freestanding building, which sits on 2.5-plus acres and …

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Palm Desert multifamily property sold

Sold Sign

A 63-unit multifamily property in Palm Desert has been sold. Investment Concepts Inc., a development and property management firm in Orange, bought Ariana at El Paseo for $14 million, according to a statement. 45278 Deep Canyon Road, a private investment group that adopted the project’s address for its name, was …

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Ontario industrial portfolio sold

building sold

Two industrial buildings in Ontario have been sold for $142 million. Stockbridge, a San Francisco-based real estate investment management firm, recently bought the freestanding buildings at 3351 E. Philadelphia St. and 4450 E. Lowell St., according to a statement. Both structures are 100 percent leased. Cushman & Wakefield represented the …

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Ontario logistics buildings to get overhaul

ONT nearly back to pre-pandemic passenger levels

Nine logistics buildings near Ontario International Airport will undergo a $25 million renovation. Granite, a 102-year-old construction firm in Watsonville that recently opened an Ontario office, will enlarge and retrofit the buildings’ water and sewer systems and storm drains, according to a statement. Other planned improvements include construction of a …

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Apartment complex sells for $146 million

Sold Spelled in Tiles

A 492-unit Murrieta apartment complex has been sold for $146 million. Silverado Apartment Homes was purchased by Bell Partners, a multifamily project manager based in Greensboro, N.C., according to a statement. The seller was Realty Center Management Inc. in Culver City. Bell Partners plans to rename the property Bell Murrieta …

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State housing affordability goes up slightly

Housing affordability in California improved slightly during the first quarter of this year, according to data released May 9. Seventeen percent of the state’s households could afford a median-price home – $814,280 – during the first three months of 2024, a 15 percent increase compared with the last quarter of …

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