Real Estate

A 79-unit apartment complex in San Bernardino has been sold for $18 million. Multiple offers were made on the 35-year-old project at 160 E. Parkdale Drive, according to The Mogharebi Group, the brokerage firm that negotiated the transaction. Buyer and seller were both private investments groups in Los Angeles whose …

An Orange County company that develops and invests in industrial real estate in Southern California has purchased a facility in Rancho Cucamonga. Alere Property Group in Newport Beach bought the warehouse distribution facility at 8700 White Oak Ave. for an undisclosed sum, according to a statement. Built-in 2000, the 72,051 …

Two apartment properties in Palm Desert with a combined 55 units have sold for $8.8 million. Tiki Gardens Apartments, 45325 Panorama Drive, and Shadow Hills Apartments, 74550-74610 Shadow Hills Road, sold to a private investor whose name was not released, according to CBRE. Both properties are near El Paseo Drive, …

A 7,000-square-foot retail building in Perris has sold for $2.3 million. The property, at 2560 N. Perris Blvd., was sold to a local investor who plans to renovate the property and open a Mexican food restaurant and catering business there, according to Progressive Real Partners in Rancho Progressive represented the …

Two multifamily developments in Colton have been sold for $41 million. Reche Ridge and 1333 Canyon, two projects with a combined 214 units, were purchased by Tower 16 Capital Partners in an off-market transaction, according to a statement. The seller, Logan Capital Partners, was represented by CBRE. Reche Ridge is …

A senior community in San Bernardino has been sold for $7.2 million. The Mogharebi Group, a brokerage firm that specializes in multifamily properties in California, negotiated the sale of the Bernardine Senior Independent Living, a four-story, 71-unit complex, according to a statement. The buyer was an investment group in the …