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Real Estate

Ontario logistics parks lands second major tenant

A company that distributes shipping, industrial and packaging materials throughout North America will locate at the Ontario Rancho Logistics Center. Uline, a privately owned business based in Wisconsin, has leased a 1.2-million-square-foot warehouse-distribution building that is under construction at 4815 S. Hellman Ave., according to a statement released Monday. The …

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Home prices rise just before pandemic hits

Home prices nationwide rose 4.1 percent year-over-year in February, reaching their highest level in more than one year, according to data released this week. U.S. home prices rose a mere 0.6 percent between January and February, CoreLogic in Irvine reported. Those numbers were recorded before the Coronavirus pandemic began laying …

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Starbucks property sells

A parcel in Twentynine Palms occupied by a Starbucks drive-thru has been sold for $3.1 million. The property, at 73690 Twentynine Palms Highway, was sold by Fountainhead Development in Newport Beach to a Los Angeles-based investor, according to a statement. Hanley Investment Group represented Fountainhead Development. RE/MAX Commercial represented the …

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Luxury apartment complex fetches $68 million

A 182-unit apartment complex in Rancho Cucamonga has been sold. Arte, at 10130 Foothill Blvd., changed hands for $68 million in an off-market transaction, according to a statement released by Avison Young. The seller was Fore Property in Santa Barbara, the buyer was Providence Capital Group Inc. in Encinitas. Avison …

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Housing market expected to take a huge hit

National pending home sales drops slightly

Members of the California Association of Realtors say the Coronavirus will inflict major damage on the state’s housing market. Unfortunately, says one economist and a veteran homebuilder, they’re almost certainly right. If a sampling of California realtors is accurate, the Coronavirus pandemic is going to wreak serious havoc on the …

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Former Acapulco restaurant site is sold

The former home of Acapulco Mexican Restaurant and Cantina in Montclair has been sold. Located at 9405 Monte Vista Ave., the building sold for $2.1 million, according to a statement released by Progressive Real Estate Partners in Rancho Cucamonga. Progressive Real Estate marketed the property and represented the seller,  a …

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