A 90-unit affordable housing complex in Indio for low-income elderly people has been sold. Desert Oasis Apartments, which is subsidized by the U.S. Department of Housing and Urban Development, sold for $11 million, according to a statement released today by Colliers International The sale, a record for a HUD-subsidized property …
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AB 1059 would do away with dual agency, the practice of one broker representing both sides in a commercial transaction. Brokers call the proposal unfair and have vowed to fight back. A bill proposed by a state legislator in San Diego has some of the state’s commercial real estate brokers, …
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A shopping center in San Bernardino that is anchored by a 7-Eleven store has been sold. The property, at 1935 S. Waterman Ave., sold for $3.2 million in an all-cash exchange, according to Progressive Real Estate Partners. Progressive Real Estate represented the buyer, a private investor in Orange County whose …
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A multi-tenant office building in downtown San Bernardino has been sold. The structure, at 655 W. Second St., sold for $14.5 million to Charter School Capital in Portland, Ore., CBRE Group Inc. said. The building covers 86,600 square feet and is currently 80 percent occupied by two tenants: the Fortune …
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The Inland Empire remained the strongest industrial market in the United States during the first quarter of this year, with an estimated 40 percent of the nation’s transactions happening in the two-county market, according to data released Monday. Nearly three million square feet of industrial space went online in Riverside …
Read More »An industrial building in Riverside has been sold. The structure, at 7145 Arlington Ave., sold recently for an estimated $17.8 million, according to a statement. CBRE Group Inc. represented the seller, The Abbey Company, a privately held real estate investment and management firm in Garden Grove. The buyer, whose name …
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IE Business Daily Business news for the Inland Empire.
