Real Estate

A 49,600-square-foot industrial building in Corona has been sold for $15.9 million. The building, at 1141 California Ave., was purchased last year for an undisclosed sum by PPVS Properties LLC in Castro Valley, according to a statement. PPVS Properties then renovated the freestanding building, which sits on 2.5-plus acres and …

A 63-unit multifamily property in Palm Desert has been sold. Investment Concepts Inc., a development and property management firm in Orange, bought Ariana at El Paseo for $14 million, according to a statement. 45278 Deep Canyon Road, a private investment group that adopted the project’s address for its name, was …

Two industrial buildings in Ontario have been sold for $142 million. Stockbridge, a San Francisco-based real estate investment management firm, recently bought the freestanding buildings at 3351 E. Philadelphia St. and 4450 E. Lowell St., according to a statement. Both structures are 100 percent leased. Cushman & Wakefield represented the …

Nine logistics buildings near Ontario International Airport will undergo a $25 million renovation. Granite, a 102-year-old construction firm in Watsonville that recently opened an Ontario office, will enlarge and retrofit the buildings’ water and sewer systems and storm drains, according to a statement. Other planned improvements include construction of a …

A 492-unit Murrieta apartment complex has been sold for $146 million. Silverado Apartment Homes was purchased by Bell Partners, a multifamily project manager based in Greensboro, N.C., according to a statement. The seller was Realty Center Management Inc. in Culver City. Bell Partners plans to rename the property Bell Murrieta …

Housing affordability in California improved slightly during the first quarter of this year, according to data released May 9. Seventeen percent of the state’s households could afford a median-price home – $814,280 – during the first three months of 2024, a 15 percent increase compared with the last quarter of …