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Real Estate

San Bernardino low-income housing project breaks ground

Construction has begun on the fourth phase of a public housing development in San Bernardino meant for low-income families and individuals. Alder Square is the latest edition of Arrowhead Grove, a multi-million-dollar reconstruction of Waterman Gardens, a 38-acre housing development at 2634 Copper Lane that began construction in 2012, according to …

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Grocery Outlet changes hands

Grocery Outlet changes hands

A Grocery Outlet in unincorporated San Bernardino County has been sold for $6 million. A private investor in San Diego sold the store and the parcel it occupies to a Los Angeles investor, according to Hanley investment Group. Hanley Investment represented the seller. Both buyer and seller wished to remain …

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State housing affordability inches up

Inland homebuilder donates to affordable housing nonprofit

Housing affordability in California rose slightly during the third quarter, the result of a drop in market competition and a rise in available housing. Seventeen percent of the state’s households could afford the median price of an existing single-family home – $887,380 – in the quarter that ended Sept. 30, …

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Religious campus-retreat for sale

Religious campus-retreat for sale

A Bible college and conference center in the San Bernardino Mountains is for sale. Twin Peaks Christian Campus, which has long been used for education, faith, and community gatherings, is available for $12 million, according to The Hoffman Company, which is marketing the property. The 24-acre parcel is occupied by …

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Apple Valley gas station-convenience store sold

An ARCO gas station-AM/PM Convenience Store in Apple Valley has been sold for $7.9 million. That price includes both businesses and the land they’re located on at 15333 Rancherias Road, according to Progressive Real Estate Partners. Both the seller and the buyer are Inland Empire private investors who wished to …

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Sprouts-anchored shopping center sold

Sold Stamp

A Rialto shopping center anchored by a Sprouts Farmers Market has been sold. Rialto Village, a 92,000-square-foot facility at Riverside Avenue and San Bernardino Boulevard just north of Interstate 10, was sold by NewMark Merrill Cos. Inc. to Langdon Street Capital, according to a statement. Calabasas-based NewMark Merrill developed the property, …

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