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Real Estate

Foreign investor buys Ontario apartment complex

Sold Spelled in Tiles

A 75-unit apartment complex in Ontario has been sold for $28 million. The property, at 840 Magnolia Ave., was purchased by a private foreign investor whose name was not released, according to CBRE Ontario, which brokered the deal. The seller was a private investor who also wished to remain anonymous. …

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New Jersey company buys Inland cold storage facility

Sold Property Sign

A cold storage/manufacturing facility in Colton has been sold for $7.5 million. The 45,000-square-foot operation at 1750 N. 8th St was purchased by Integreon Global LLC in New Jersey, according to a statement released by Avison Young. Avison Young represented Integreon Global in the negotiations. The seller, Modu Food Factory, …

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Townhome rentals planned for Wildomar

office building in riverside sells for $11.4 million

Two Newport Beach developers plan to build 163 townhomes in Wildomar in southwest Riverside County. Sancerra Communities and STG Capital Partners have purchased a 26-acre parcel at Palomar Street and Jefferson Avenue and will develop a build-to rent community there, according to a statement released Tuesday. Cost of the parcel, …

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Home prices grow at highest rate in 45 years

Nationwide housing prices take record jump

U.S home prices grew 18 percent year-over-year in October, the highest rate recorded in 45 years, according to data released today. Despite that, growth in single-family home prices nationwide has slowed since April, and price growth is likely to continue to grow slowly for at least a few months, Irvine-based …

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Riverside to get $1 million homes

housing market

A Newport Beach homebuilder will build a tract of high-end homes in the Mockingbird Canyon section of Riverside. Trumark Homes has purchased 72 finished lots for approximately $10 million in Mockingbird Canyon, which is near California Citrus State Historic Park, said Tom Doyle, principle partner with WD Land in Irvine. …

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