Real Estate

A Fontana building formerly occupied by Big Lots has been sold for $2.7 million. Red Mountain Group, a Santa Ana-based real estate developer, sold the structure to Mirian LP, a private investment group, according to a statement. Red Mountain Group bought the building at 17093 Valley Blvd earlier this year …

A residential retail property in downtown Palm Springs has been sold for $7.3 million. New Dawn Enterprises LLC purchased the 21,000-square-foot parcel at 803 N. Palm Canyon Drive from 803 N. Palm Canyon Holdings, according to CBRE’s Ontario office. “This was … a buyer who truly appreciates the opportunity of …

Higher interest rates continued to disrupt California’s housing market in October, according to data released on Nov. 20. Sales of existing single-family homes totaled 241,770 in October, down only 0.3 percent from September and down nearly 12 percent year-over, the California Association of Realtors reported. Those numbers take into account …

Mitchell Bradford has had a long successful career in real estate development.  He recently joined the talented team at Jeff Burum’s Diversified Pacific. According to a press release from the company: “His 35 years of experience and leadership in the industry as a homebuilder and multi-family investor/owner will play a …

A 91-unit residential development is under construction in Ontario. “Dusa” is being built southeast of downtown near Haven Avenue West and Chino Avenue, according to Landsea Homes in Dallas, the project’s developer. The project, which broke ground recently, will consist of 95 single-family homes ranging from 2,027 to 2,317 square …

A Riverside building occupied by Tesla has been sold for $21 million. The 53,100-square-foot building is used by the automotive and clean energy company as a sales, service and delivery center, according to a statement. The building sits on a 10.3-acre parcel of land at 7920 Lindbergh Dr, west of …