A 900,000-square-foot warehouse-distribution facility in Riverside has been sold for $257 million. Built in 2019, the building at 21600 Cactus Ave. was sold by BlackRock, a global asset management firm, to Burlington Distribution, an affiliate of Burlington Stores, according to a statement. Colliers represented Burlington Distribution, and CBRE represented BlackRock, …
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A real estate investment, development and finance company has arranged a $19 million refinance loan for a neighborhood shopping center in Rancho Cucamonga. BOLOUR, a private company in Beverly Hills, provided the 12-month cash-out refinance loan through its affiliate, BA Debt Fund LLC. The shopping center is located at 8601 …
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A seven-building apartment complex in Moreno Valley has been sold for $41 million. Brixton Capital, a private real estate investment firm in Solana Beach, recently sold Elevate at Towngate to FPA Multifamily in San Francisco, according to a statement. Built in 1973, the 227-unit apartment complex is at 13400 Ellsworth …
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California’s housing market bounced back in February, posting the largest number of sales in more than two years, according to a recent report. Sales of existing single-family homes last month totaled 283,540, up 11.6 percent from January and 2.6 percent year-over-year, the California Association of Realtors reported. That sales number …
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A 330-unit multifamily luxury apartment complex in Palm Desert has been completed. Millennium Apartments is at 74699 Technology Drive, next to Interstate 10 and near Gerald Ford Drive, according to a statement. It’s owned by Metonic Real Estate Solutions, an Omaha, Neb.-based company that specializes in real estate acquisitions, developments, …
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The typical U.S. homeowner owns their house for nearly 12 years, but California homeowners tend to keep their home much longer, according to a report. One reason California homeowners stay put longer than homeowners in other states could be Proposition 13, the 1978 initiative that mandates homeowners pay property taxes …
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IE Business Daily Business news for the Inland Empire.
