Real Estate

Willow Townhomes, a 39-unit multifamily building in Ontario, has been sold for $17.4 million. The new project at 221 N. Mountain Ave., was sold to a foreign investor whose name was not released, according to a statement. CBRE represented the seller, 221 N. Mountain Ave. Holding LLC, in the transaction. …

A Riverside property occupied by a Raising Cane’s restaurant has been sold for $6.8 million. The 1.3-acre parcel at 4100 Central Ave. was sold to a Southern California developer whose name was not released, according to SRS Real Estate Partners in Newport Beach. The seller was a Washington developer who …

Financing has been secured for construction of a 384-unit multifamily project in Ontario. Marcus & Millichap Capital Corp. has negotiated $107 million for the development of Adept Ontario at 4117 E. Concours St., according to a statement. The project next to Toyota Arena will include several digital media signs and 26,000 …

Two buildings in Rancho Cucamonga, one occupied by a Chipotle Mexican Grill, the other by a Starbucks Drive-Thru, have been sold for $6.2. million. Chase Partners Ltd. in Glendale, the property’s developer, sold the property to a private investor in Los Angeles whose name was not released, according to Hanley …

An annual income of $63,680 was needed to afford the U.S. median monthly apartment rent of $1,592 in December, according to a report. That was a year-over-year decline of 0.4 percent, and the lowest required income recorded since March 2022, the real estate brokerage Redfin reported. It was also a …

The Inland Empire multifamily market ended 2024 with an occupancy rate of 94.5 percent, a slight increase from the third quarter, according to a report. One thousand one hundred and ninety-five multifamily units were absorbed in Riverside and San Bernardino counties during the last three months of 2024, up from …