Real Estate

A parcel in Twentynine Palms occupied by a Starbucks drive-thru has been sold for $3.1 million. The property, at 73690 Twentynine Palms Highway, was sold by Fountainhead Development in Newport Beach to a Los Angeles-based investor, according to a statement. Hanley Investment Group represented Fountainhead Development. RE/MAX Commercial represented the …

A 182-unit apartment complex in Rancho Cucamonga has been sold. Arte, at 10130 Foothill Blvd., changed hands for $68 million in an off-market transaction, according to a statement released by Avison Young. The seller was Fore Property in Santa Barbara, the buyer was Providence Capital Group Inc. in Encinitas. Avison …

Members of the California Association of Realtors say the Coronavirus will inflict major damage on the state’s housing market. Unfortunately, says one economist and a veteran homebuilder, they’re almost certainly right. If a sampling of California realtors is accurate, the Coronavirus pandemic is going to wreak serious havoc on the …

The former home of Acapulco Mexican Restaurant and Cantina in Montclair has been sold. Located at 9405 Monte Vista Ave., the building sold for $2.1 million, according to a statement released by Progressive Real Estate Partners in Rancho Cucamonga. Progressive Real Estate marketed the property and represented the seller,  a …

A 48-unit apartment complex in Coachella has been sold for a record price in that community. Valle Vista, at Tripoli Way and Cairo Street, sold for $5.3 million, or $111, 979 per unit, according to a statement released by The Mogharebi Group, which helped the negotiate the transaction. That was …

An office building in downtown Riverside has been sold. The structure, at 2300 Market St., covers 63,760 square feet and was fully leased at the time of sale, according to a statement released by CBRE. Cost of the transaction was not released. The buyer was a Los Angeles-based investor whose …