Monday , December 4 2023
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Real Estate

Retail building sells for $7.4 million

A 22,000-square-foot retail building in the Terra Vista Town Center in Rancho Cucamonga has been sold. The structure at 10582 Foothill Blvd. was sold for $7.4 million by a private investor in Michigan to a private investor in the San Gabriel Valley, according to Progressive Real Estate Partners in Rancho …

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Multifamily project planned for Murrieta

An Irving-Texas-based multifamily developer will build an 852-unit apartment complex in Murrieta. JPI has purchased a vacant 31.7-acre parcel at Jefferson Avenue and Murrieta Hot Springs Road for $38 million and will break ground on the project late this year or in early 2024, according to a statement released Oct. …

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Restaurant site near The Mills is sold

Sold Stamp

A property near Ontario Mills that is occupied by a Mexican food restaurant has been sold for $4.6 million. The 5,535-square-foot building at 4423 Mills Circle is home to Culichi Town, according to SRS Real Estate Partners’ Newport Beach office. SRS represented the seller, a Southern California developer whose name …

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Low-income apartment complex sold

A multifamily complex in Ridgecrest that is priced for low-income occupants has been sold for $3.8 million. Ridge Apartment Homes, 400 Cisco St., has two and three-bedroom units as well as an outdoor pool and playground, according to a statement. The property, located east of Highway 395 and north of …

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Desert apartment complex sold

A 20-unit apartment complex in Twentynine Palms has been sold for $2.4 million. Blue Horizon Apartments was 95 percent occupied when it changed hands, according to CBRE, which represented the buyer and the seller in the transaction. Both parties declined to be identified. “The Twentynine Palms area has grown a …

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State housing market stays sluggish

U.S. home prices record annual decline

Sales of existing single-family homes in California totaled 240,940 in September, down 5.4 percent in August and 21.5 percent from one year earlier, according to data released today. The median price of a single-family home last month was $843,340, down 1.2 percent from August but up 3.2 percent year-over-year, the …

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