Wednesday , June 7 2023
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Real Estate

Apartment complex sells for record price

A 30-unit apartment complex in Moreno Valley has sold for $6.7 million. That is the most ever paid for a multi-family property in that part of Riverside County, according to the The Mogharebi Group, the Costa Mesa-based real estate brokerage that negotiated the sale. The sale price of Victory Gardens …

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Ricoh signs industrial lease in Rialto

IE manufacturing

An information management and digital services company has leased distribution space in Rialto. Ricoh USA Inc. will occupy 374,000 square-feet in a logistics building at 1920 W. Baseline Road, according to a statement released yesterday. The company plans to use the building for light assembly and distribution. Terms of the …

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African-American, Hispanic families lag in home ownership

Fewer than half the African-American and Hispanic households in California last year could afford a median-priced home, according to data released Tuesday. Only 19 percent of black households and 20 percent of Latino households could afford a median-priced, single-family home of $659,380, the California Association of Realtors reported in its …

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Inland office market still struggles

COVID-19 continued to take a bite out of the Inland Empire office market during the fourth quarter. The two-county region recorded negative absorption of 64,148 square feet and a vacancy rate of 10.1 percent, according to CBRE. Inland Empire East accounted for most of the occupancy loss throughout the year …

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San Bernardino to take another swing at Carousel Mall

carousel mall

The city council is scheduled to discuss two proposed mixed-use projects for the 43-acre site, which has been vacant since the mall closed nearly four years ago.  Whatever is built there will help determine the future of downtown San Bernardino. Could San Bernardino finally be on the verge of fixing …

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