Sunday , July 14 2024
Breaking News

Real Estate

Office building sells for $11.3 million

A Desert Hot Springs office building leased by Riverside County has been sold for $11.3 million. Pierson Plaza, a 38,000-square-foot structure at 65753 Pierson Blvd., was purchased in a 1031 exchange by a Palm Springs real estate investment company whose name was not released, CBRE announced Monday. The seller was …

Read More »

Temecula office complex part of property exchange

Toronto-based Avison Young has arranged an exchange of four high-end properties in Southern California, including two in the Inland Empire. The 1031 exchange was worth $26.9 million, according to a statement. Properties included 66 apartment units and a mobile-home park scattered throughout Southern California. All of those were traded for …

Read More »

Moreno Valley industrial project breaks ground

Ground has been broken on an industrial project in Moreno Valley that will cover more than 200,000 square feet. The Centerpointe Commerce Center, a warehouse-distribution facility, is being built without a signed tenant, according to Rockefeller Group, the New York company that is building the project. Rockefeller Group bought the …

Read More »

Flat housing market for SC in August

Mixed signals in national pending sales

Southern California’s median home price was flat in August, and sales of single-family homes and condominiums were down slightly year-over-over, according to data released Wednesday. Last month, the median home price in the six-county region – the Inland Empire plus Los Angeles, Orange, San Diego and Ventura counties – was …

Read More »

Joshua Tree apartment complex changes hands

One of the largest apartment properties in Joshua Tree has been sold. Quail Springs Village, a 75-unit complex at 62220 Verena Road, sold for $6.5 million, CBRE announced in a statement released Monday. The buyer was Pro Residential, a multifamily investment and property management firm in Los Angeles. The seller …

Read More »

Moreno Valley apartment complex sells

CBRE has completed the sale of a 15-unit apartment complex in Moreno Valley. The 12,960-square-foot property at 24668 Eucalyptus Ave. sold for $2.1 million in an all-cash transaction, according to a statement. CBRE represented the buyer, a local investor who owns several properties in Moreno Valley. The seller was a …

Read More »