Monday , December 4 2023
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Real Estate

Moreno Valley shopping center is sold

Towngate Center, a shopping center in Moreno Valley, has been sold. Brixton Capital recently sold the 290,000-square-foot facility for $51 million, according to a statement. The buyer’s name was not disclosed. Located at 12625 Frederick St., Towngate Center is 95 percent leased. Its tenants include TJ Maxx/Home Goods, BevMo, Ross …

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Homebuilder announces Ontario project

Los Angeles-based KB Homes will build a tract of single-family homes in Ontario. Countryside will be 52 one and two-story homes that will range from 1,800 to $2,500 square feet, have three floor plans, walk-on closets and up to five bedrooms, according to a statement. The development will be near …

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Too many regulations, along with NIMBYism, are stifling the state’s housing industry

Conference Calls for More Houses, Less Red Tape

That’s the conclusion of a UC report that tries to explain California’s housing shortage.  Some people have been saying that for a long time. For years, homebuilders in California have decried the excessive regulations they must deal with, both locally and on the state level. They point to that as …

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Inland real estate conference scheduled

Conference on Exports Scheduled

RENTV will hold its fourth annual Inland Empire Commercial Real Estate State of the Market Conference Thursday. The conference, at the Embassy Suites by Hilton Ontario Airport, will feature more than one dozen Inland commercial real estate brokers who will give their assessment of the local retail, industrial, office and …

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Industrial to replace shuttered amusement parks

The former Scandia Fun Center in Ontario will soon be no more. Bridge Development Partners LLC in Chicago announced recently that it has purchased the property at 1155 S. Wannamaker Ave., which it plans to demolish and replace with two industrial buildings, according to a statement. The buildings, which are …

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Senior apartment complex sells

A 71-unit senior complex in Ontario has been sold. Bernardine Senior Independent Living sold to a private investment group in Los Angeles whose name was not released for $6.7 million, or approximately $95,400 per unit, according to a statement. The seller was identified  only as an Inland Empire acquisition group. …

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