A 15-unit apartment complex in Palm Springs has been sold. Highland Apartments at 540-570 Highland Drive was sold by a private investor to another private investor for $3.3 million, according to CBRE. Both parties were represented by CBRE. Both asked not to be identified. The sale price is $220 per …
Read More »State home sales continue to decline
Sales of existing single-family homes in California totaled 223,940 in November, a 7.4 percent decline from October and a 5.8 percent drop year-over-year, according to data released in December. Statewide, the median price of a single-family home in November was $822,200, down 2.2 percent from October but up 6.2 percent …
Read More »Mixed-use parcel sells for $3 million
A 1.7-acre piece of vacant land in Rancho Cucamonga that is zoned for mixed-use development has been sold for $3 million. A Los Angeles County investor whose name was not released bought the parcel at the northwest corner of Foothill Boulevard and Etiwanda Avenue in an all-cash transaction, according to …
Read More »Tenants added at Chino Spectrum Marketplace
Four new tenants at Chino Spectrum Marketplace have brought that facility to near full capacity. Boston Pizza (6,700 square feet), Red Wing Shoes (1,643 sq. ft.), Famous Footwear (5,040 sq. ft), and Smash Factor (3,037 sq. ft.) have all recently signed leases there, according to CBRE’s Newport Beach office. The …
Read More »Desert shopping center sold
A La Quinta shopping center has been sold for $26.4 million. Komar Desert Center, an 80,000-square-foot development at Highway 111 and Jefferson Boulevard, was sold to a private investor whose name was not released, according to a statement released by CBRE. Information regarding the seller was not disclosed. The center’s …
Read More »Retail pad in Palm Desert sells for $3.8 million
A retail pad in Palm Desert that is occupied by a Mexican Chipotle Grill has been sold for $3.8 million. The 8,500-square-foot retail pad is located at 39575 Washington St. about one block from Interstate 10, according to Hanley Investment Group Real Estate Advisors. Developed in 2008, the pad is …
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