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Real Estate

Proposed housing development in Chino seen as a boon for the city

Chino Francis Estates calls for the construction of 39 houses, all single-story. Last month, the project’s developer persuaded the planning commission to increase the project’s density. The city council is expected to consider the project in January. In January, the Chino City Council is expected to vote on a housing …

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Ontario apartment complex sold

A 140-unit apartment complex in Ontario has been sold. La Terraza, at 551 E. Riverside Drive, sold recently for $27.9 million, according to Capital Income Properties Group in Norco. Capital Income represented the seller, whose name was not released. The complex was described in a statement as a major investment …

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Longtime San Bernardino restaurant is up for sale

A landmark restaurant in San Bernardino is for sale. Ye Olde Lamplighter, a steakhouse and lounge at 255 E. 40th St. that opened in 1960, is available for $250,000, according to California Curb Appeal Real Property Specialists Inc. in San Bernardino. California Curb Appeal is marketing the business on behalf …

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Rancho Cucamonga business park changes hands

Inland Empire Retail Properties Sold

An industrial park in Rancho Cucamonga has sold for $21.5 million. The project, at 9007-9087 Arrow Route, was purchased by Teamrise International in Pasadena, according to a statement. The seller was Focus Real Estate Services LLC in Newport Beach, which has owned the property for three and major upgrades to …

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Closure of Sears, Kmart stores has some malls scrambling to save space

Unfortunately, there aren’t as many anchor tenants as there used to be, and more people are shopping online, so some retail properties will have to get creative. Some shopping malls in the Inland Empire – and much of the United States – will soon have some major retail space to …

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Palm Desert apartment complex changes hands

A 25-unit apartment complex in Palm Desert has sold for $4.5 million. El Paso Place, an 18,000-square-foot faculty at 73200 Tumbleweed Lane, sold to a private investor whose name was not released, CBRE announced. The building features 1 studio unit, 16 one-bedroom, one-bathroom units and eight two-bedroom, two-bathroom apartment. The …

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