A mixed-use complex in Ontario that fell into bankruptcy is back on the market. Plaza Continental, at Inland Empire Boulevard and Porsche Way immediately north of Interstate 10, is being marketed by Keen-Summit Capital Partners LLC in New York, according to a statement. The 120,000-square-foot center consists of restaurants and …
Read More »Apartment complex sells
A 44-year-old apartment complex in Moreno Valley has been sold. Hemlock Terrace, a 15-unit structure at 23889 Hemlock Ave. north of the 60 Freeway, sold for $1.2 million, said Kevin W. Boeve, regional manager for Marcus & Millichap Ontario. The buyer and seller were each described as private investment groups …
Read More »Housing prices up
U.S home prices rose 1.1 percent in January month-over-month, according to data released Tuesday. The increase compared with January 2014 was more substantial – 5.7 percent – CoreLogic’s monthly report on national housing prices stated. Twenty seven states and the District of Columbia were either at or within 10 percent …
Read More »Upland OK’s mixed-use project
A public parking lot in downtown Upland will become the first commercial and residential development in that part of the city. The multi-story project, which the city council approved last month, will cover 34,450 square feet at the southwest corner of Third Avenue and C Street, according to a report …
Read More »Multifamily developers stay positive
Developers of multifamily housing remained optimistic during the end of last year. The multifamily production index was 54 during the fourth quarter of 2014, capping off three straight years of quarterly reports of 50 or above, according to data released Thursday by the National Association of Home Builders. The index …
Read More »Some good housing news
Pending sales of single-family homes in California bounced back last month, posting gains both month-over-month and year-over-year. The number of pending sales rose 26.7 percent in January compared with December, according to data released Wednesday by the California Association of Realtors. That was well above the average 16.3 percent month-over-month …
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