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 …
Read More »Mixed-use project breaks ground in Perris
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 …
Read More »Inland housing developer slightly bullish on local market
When he was a student at Alta Loma High School, Brian Bush took drafting classes and planned to be an architect. Then he watched the construction of Colonies Crossroads, a 447-acre master planned community next to the Foothill Freeway in Upland and changed his mind. “I grew up in Alta …
Read More »Tri-City Center is sold
The Tri-City Center in San Bernardino has been sold for $24.3 million. Built in 1987, the 151,700-square foot shopping center at 891 Harriman Place is fully occupied, according to a statement. Unilev Capital Corp., a real estate investment and management company, sold the property to an undisclosed buyer. JLL Retail …
Read More »Palm Desert apartments sold
A 10-unit apartment complex in downtown Palm Desert has been sold for $2.2 million. The two-story building at 73435 San Gorgonio Way covers 8,360 square feet and sold for $220,000 per unit, according to CBRE. CBRE represented the buyer, who is based in Los Angeles. No other information about the …
Read More »Texas Roadhouse building is sold
A building in Indio occupied by the Texas Roadhouse steakhouse chain has been sold. The 16,600-square-foot building at the southeast corner of Jackson Street and 42nd Avenue sold for $3 million, according to a statement. Mountain Group, a real estate developer in Santa Ana that bought the property in 2018, …
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