Real Estate

SB-12, is intended to keep single-family homes out of areas deemed a high risk for fires, according to its proponents. But its foes see the bill as yet another example of bureaucratic overreach on the part of Sacramento lawmakers that could deliver a crippling blow to the state’s housing industry.   …

A Moreno Valley developer and a coalition of environmental activist groups on Thursday reached a $47 million settlement regarding what will be one of the world’s largest warehouse-distribution operations. Developer Highland Fairview will invest up to $12.1 million in electric vehicles at the World Logistics Center, a 40.6 million-square-foot project …

A 109,000-square foot warehouse distribution facility in Temecula has been sold. Westcore, which buys, develops, and manages west coast industrial properties, bought the facility at 28381 Vincent Moraga Drive for $16 million from an unidentified party, according to a statement released this week. The building covers 6.6 acres. “This building …

A 12-unit townhome project in Palm Desert has sold for $3.4 million. The Fred Waring Townhomes at 73881 Fred Waring Drive consists of three buildings, all of them recently renovated. CBRE represented the seller, identified only as a local private investor, and the buyer. Information about the buyer was not …

District at Grand Terrace, a 352-unit multifamily property in Colton has been sold for $88 million. Institutional Property Advisors, a division of Marcus & Millichap, negotiated the transaction, according to a statement. Tower 16 Capital Partners, a commercial real estate brokerage in Encinitas, was the seller.  MG Properties Group in …

Construction will begin soon on an 819,964-square-foot industrial building at the Southern California Logistics Centre in Victorville. The project, which is expected to create about 100 jobs, will be a warehouse-distribution hub for a multinational consumer products company whose name was not released. Groundbreaking is scheduled to held next month. The …