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Real Estate

Retail building sold for nearly $6 million

Sold Sign

A 7,200-square-foot retail building in Winchester has been sold for $5.9 million. The structure at 35974 Winchester Road is home to Panera Bread and Toro Sushi, both of which have long-term triple-net leases, according to SRS Real Estate Partner’s Newport Beach office. The building in the French Valley Marketplace also …

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Financing arranged for Coachella Valley multifamily project

Cal State University San Bernardino receives grant money

An east coast firm that arranges financing for multifamily projects has secured a $160 million loan for the first phase of a master planned community in Rancho Mirage. Walker & Dunlop Inc, in Bethesda, Md., were exclusive advisors to the borrower, EC Rancho Mirage Holdings Limited Partnership and its affiliates, according …

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Home prices too high for most residents

Home ownership continued to be out of reach for most Californians during the second quarter of 2025. Only 15 percent of the state’s households could afford the $905,680 median price of a single-family home during that time, down from 17 percent in the first quarter and up from 14 percent …

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Redlands multifamily sells for $148.4 million

A 328-unit multifamily development in Redlands has been sold for $148.4 million. The Venue at Orange was sold by LuxView Properties in San Diego to Sentinel Real Estate Corp. in Australia, according to Institutional Property Advisors, a division of Marcus & Millichap. LuxView developed the project, which was completed two …

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Future Dutch Bros. location sold

Future Dutch Bros. location sold

The future site of a Dutch Bros, drive-thru in Riverside has been sold for $2.8 million. A 1,025-square-foot building is under construction on a half-acre parcel at 4990 Van Buren Blvd., according to Hanley Investment Group in Corona Del Mar. The property, which is next to a Walmart Supercenter and …

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Starbucks properties sold

Sold Stamp

Two properties occupied by Starbucks, one in Cathedral City and another in Temecula have been sold for a combined $7.3 million. The 1,900-square-foot parcel at Highway 111 and Date Palm Drive in Cathedral City was sold for $3.7 million to a private investor in Northern California, according to SRS Real …

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