Real Estate

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 …

A 13-unit multifamily portfolio in Bloomington has been sold for $2.7 million. Located in the 17770 block of Marygold Ave. and 9945 Alder Ave., the properties include 3.5 acres of surplus land for development or other uses, according to CBRE. CBRE represented buyer and seller in the negotiations. Information about those …