Real Estate

A 227-unit apartment complex in Moreno Valley has been sold. Mediterranean at Towngate sold for nearly $28 million, according to a statement released by CBRE. TruAmerica, a Los Angels-based company that renovates and repositions multifamily properties, was the seller. The buyer was New Standard Equities, a real estate investment and …

Construction of a 504,000-square-foot warehouse-distribution building in Riverside has been completed. Meridian Distribution Center II occupies 27 acres at 22000 Opportunity Way, near Interstate 215 and Van Buren Boulevard, according to a statement released Monday by Newcastle Partners, the project’s developer. The building is part of Meridian Business Park, a …

Foremost Cos. has bought a 100,000-square-foot office building in Pomona. The structure, at 901 Corporate Center Drive, is part of the University Corporate Center business park, according to a statement. Cost of the building, and the name of the seller, were not released. The structure, which sits on 10 acres, …

A Canadian investor has bought two multifamily properties in San Bernardino. Vista Group Inc., a Calgary-based condominium rental agency, purchased the complexes at 1340 N. F St. and 3943 N. H St. for a combined  $8 million, according to CBRE Group Inc. Ontario. The F Street property has six studio, …

The median price for a single-family home in Southern California last month was $507,500, an all-time high, according to data released Wednesday. The previous record was $505,000, which the market reached three times in 2007 and twice in 2017, Irvine-based CoreLogic reported in its monthly assessment of the Southern California …

More than 265,500 square feet of retail space was absorbed in Riverside and San Bernardino counties during the last three months of 2017, according to CBRE Group Inc. The region’s retail vacancy rate was 8.2 percent in the fourth quarter, an estimated 422,000 square feet of space was under construction …