Thursday , March 28 2024
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Real Estate

Health center is sold

Sold Spelled in Tiles

Pomona Valley Health Center in La Verne has been sold for $24.6 million. The facility, at 2317-2333 Foothill Blvd, covers nearly 40,000 square feet and is 100 percent leased, with the health center accounting for about 85 percent of the occupancy, according to a statement released by CBRE. The seller …

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Multifamily project sells for $53.6 million

A 197-unit apartment complex in San Bernardino has been sold for $53.6 million. The Vue, at 1660 W. Kendall Drive, was purchased recently by Tailwind Investment Group in Newport Beach, according to a statement released Monday by CBRE. The sellers were Dalan Management, a real estate investment and management firm …

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Major mixed-use project slated for Barstow

Major mixed-use project slated for Barstow

The Shops at Spanish Trail could transform not only Barstow but all of the High Desert. Supporters of the mixed-use development want to bring retail, commercial, and some residential development to the region, but first, they have to find out what sort of development residents will support.   Joseph W. …

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Forecast: home sales to drop in 2022

median priced home

Sales of existing single-family homes in California are expected to drop 5.2 percent in 2022, according to the California Association of Realtors. California’s median home price will increase 5.2 percent next year, to $834,400, the association predicted in its 2022 housing forecast, which it released Thursday. To put the median …

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Building Industry Association splits from SCAG

The Building Industry Association of Southern California has severed its ties with the Southern California Association of Governments. That move is described as temporary in an announcement made Tuesday by the Building Industry Association. The BIA took the action in response to SCAG’s refusal to address “numerous concerns set forth …

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Norco industrial park changes hands

A 422,000-square-foot warehouse complex in Norco has been sold. Saddle Ranch Business Park was sold to Alere Property Group in Newport Beach for an undisclosed sum, according to a statement released by the company. The seller was CapRock Partners, a developer and industrial real estate agency also in Newport Beach. …

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