Real Estate

A 103,000-square-foot industrial building in Ontario has been sold for $8.8 million. The structure is located on 4.7-acres at 5505 E. Concours St. and is near Interstates 10, 15 and the 60 Freeway, according to a statement. The building has 3,100 square feet of office space and 62 parking spaces. Daum …

Housing affordability in California remained at a 16-year low during the fourth quarter of last year, the result of not enough homes being put up for sale and the high cost of a housing loan. Only 15 percent of the state’s households could afford a median-priced home – $833,170 – …

Twenty-one percent of California real estate owners and operators say they will redevelop office space during the next three years, a study has found. That work will be done in several categories, including multifamily, industrial and retail, according to the Winter 2024 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate …

A one-million-square-foot outdoor storage that covers two cities in San Bernardino County has been sold. The properties straddle 23 acres at 446 S. Yucca Ave, 1066 N Tippecanoe Ave, and 1938 W. 5th St in San Bernardino and Rialto, according to a statement. All three buildings are near Interstates 15 …

A 19-unit apartment complex in Riverside has been sold. The Corwin Apartments at 5755-5580 Corwin Lane were sold recently for $2.8 million, according to CBRE. Information about the buyer and seller was not released. CBRE represented both parties in the transaction. Built in 1964, the complex features one-bedroom, one-bathroom and …

Construction has started on a logistics and commercial project in Perris that will cover nearly one million square feet when it’s completed. The Perris Gateway Commerce Center will consist of a 950,000-square-foot logistics facility and a 37,000-square-foot commercial center on Ramona Expressway between Nevada Road and Webster Avenue, according to …