A 264-unit apartment complex in Riverside has been sold. Viano at Riverwalk was sold by Griffin Living, a real estate development firm in Calabasas, for an undisclosed sum, according to a statement released by CBRE. The buyer was Greystar Real Estate Partners in Charleston, S.C. Greystar is an international real …
Read More »Ontario parcel set for homes converts to industrial
An Ontario property originally intended for houses will instead be home to a “big-box” industrial project. Dermody Properties will develop Logisticenter at Ontario Ranch on a 54.4-acre parcel at Hamner Avenue and Ontario Ranch Road, the Reno-based company announced Tuesday. Logisticenter will consist of one industrial warehouse that will cover …
Read More »National, foreclosure rates hit record lows
Nearly four percent of all U.S. mortgages were in some state of delinquency – at least 30 days or more past due – in September, a 2.4 percent year-over-year decrease, according to data released this week. Adverse delinquencies – 60 to 89 days past due – were at 0.3 percent in September, …
Read More »Jurupa Valley industrial building changes hands
Avison Young has negotiated the sale of a 139,000-square-foot industrial building in Jurupa Valley. The vacant structure at 10220 San Sevaine Way sold for $19.8 million. The buyer was a was Stos Partners, a real estate investment firm in San Diego. The seller was a private company whose name was …
Read More »Foreign investor buys Ontario apartment complex
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. …
Read More »New Jersey company buys Inland cold storage facility
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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