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Real Estate

Land sale for high-speed rail station approved

building sold

Rancho Cucamonga and the San Bernardino County Transportation Authority have approved the sale of property, owned by both entities, that will be home to the Inland Empire’s first high-speed rail station. Brightline West, a privately owned intercity rail service in Miami, will develop Cucamonga Station on the five-acre site at …

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Home price growth slows

Seven Inland Empire multifamily properties change hands

Growth in U.S. home prices slowed to 13.5 percent in August, the fourth consecutive month that year-over-year price growth has declined, according to data released last week. Although home prices have recorded annual gains for 127 consecutive months, that was the lowest year-over-year increase since April 2021, Irvine-based CoreLogic reported …

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Retail portfolio sold

Sold Stamp

Three retail properties in French Valley have been sold for $17.3 million. The properties are adjacent to French Valley Marketplace, a 78,000-square-foot neighborhood shopping center at 35958 Winchester Road, according to a statement. SRS Real Estate Partners in Newport Beach negotiated the sale. Buyer and seller were described only as …

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Retail-office project planned for Chino

A retail-office project that will cover nearly 170,000 square feet will be developed in Chino. Town Center at the Preserve will be built within The Preserve at Chino, a master-planned community at Pine Avenue and Main Street, according to Lewis Retail Centers in Upland. Lewis Retail is the developer of …

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Building Industry forms philanthropic arm

The Building Industry Association of Southern California has formed its own charitable foundation. The nonprofit Builders for Better Communities Foundation will partner with homebuilding industry members who support education programs that help better communities, according to a statement. The foundation will focus on the association’s Diversity, Equity, and Inclusion initiative, …

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Affordable housing community opens in MoVal

The first phase of an affordable housing community in Moreno Valley has opened. Courtyards at Cottonwood, an 81-unit gated community with 60 units for lower-income families and 20 more for lower-income seniors, opened Sept.14, according to a statement on the city’s website. The project, at 24580 Cottonwood Ave., was developed …

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