Wednesday , April 17 2024

Real Estate

Montclair multifamily sells for $150 million

Sold Sign

A 385-unit multifamily property in Montclair has been sold for $150 million. Archway Equities’ purchase of The Paseos at Montclair North is reportedly the largest multifamily transaction in Southern California this year, according to a statement. 4914 Olive Street Properties LLC was the seller.  JLL represented the investment group in …

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Retail site sold for $4.8 million

A Starbucks-anchored property in Riverside has been sold for $4.8 million. The one-acre parcel at 22420 Van Buren Blvd. is part of Veteran’s Plaza, a community shopping center, according to a statement. In addition to Starbucks, Express Gadget Repair, Jersey Mike’s and Desperate Measures, which sells accessories for hunters and …

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Industrial project planned for Moreno Valley

Industrial project planned for Moreno Valley

An Orange County industrial developer will build a 500,000-square-foot warehouse-distribution facility in Moreno Valley. CapRock Partners in Newport Beach will develop CapRock Global Logistics on 22 acres it has purchased within the World Logistics Center, the planned 2,610-acre industrial park, according to a statement released this week. CapRock bought the …

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Townhomes slated for Ontario

Townhomes slated for Ontario

A Dallas-based homebuilder will develop 144 townhomes in Ontario. The neighborhood, Eave II, will be part of the Neuhouse masterplanned community, according to Landsea Homes Corp. The project, which will be developed about two miles south of the Interstate 15/60 Freeway interchange, broke ground recently. Sales are expected to start …

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Home equity drops for the first time in 11 years

U.S homeowners with mortgages saw their equity decrease by 0.7 percent year-over-year during the first quarter of 2023, the first such decline since 2012, according to data released today. That represented a combined loss of $108.4 billion, and an average loss of $5,400 per household since the first three months …

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U.S. home prices keep dropping

U.S. home prices record annual decline

U.S. home prices are definitely in decline. Prices of single-family homes went up an average of two percent in April compared with April 2022, the sixth consecutive month of single-digit growth nationwide, according to data released by CoreLogic in Irvine. On the positive side, that was the 135th consecutive month …

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