Saturday , February 24 2024

Real Estate

Residential development breaks ground in Ontario

A 91-unit residential development is under construction in Ontario. “Dusa” is being built southeast of downtown near Haven Avenue West and Chino Avenue, according to Landsea Homes in Dallas, the project’s developer. The project, which broke ground recently, will consist of 95 single-family homes ranging from 2,027 to 2,317 square …

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Tesla building sold

Tesla building sold

A Riverside building occupied by Tesla has been sold for $21 million. The 53,100-square-foot building is used by the automotive and clean energy company as a sales, service and delivery center, according to a statement. The building sits on a 10.3-acre parcel of land at 7920 Lindbergh Dr, west of …

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San Bernardino industrial project sold

San Bernardino industrial project sold

A nine-building industrial project in San Bernardino has been sold for $9.2 million. San Bernardino Industrial Center at 360-458 E. Rialto Ave. sold recently for $175 per square foot, according to a statement. CBRE represented the seller, a partnership between Birtcher Anderson and Davis and Belay Investment Group. The 52,600-square …

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Home prices keep growing

Home prices keep growing

The average price of a singe-family home grew 4.5 percent in September, the third consecutive month of accelerated growth in the national housing market, according to data released this week. U.S. home prices have now grown year-over-year for 140 consecutive months and 42 percent since the pandemic began, CoreLogic in …

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Desert retail pad sells for $6.3 million

Desert retail pad sells for $6.3 million

A multi-tenant retail pad in Palm Desert has been sold for $6.3 million. The property at 3120 Dinah Shore Drive is part of Monterey Crossing, a recently developed shopping center at Interstate 10 and Monterey Avenue, according to Hanley Investment Group Real Estate Advisors in Corona del Mar. Hanley Investment …

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South Bay company buys Inland industrial properties

Sold Sign

A real estate investment and management firm has purchased 921,700 square feet of industrial properties in the Inland Empire. Ocean West Capital Partners in El Segundo spent an undisclosed sum on four warehouse distribution projects in San Bernardino and Fontana, according to a statement released by the company. The properties, …

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