Thursday , March 28 2024
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Real Estate

High-end Riverside office building sold

A downtown Riverside office building has been sold for $16 million. The 44,354-square-foot structure at 3480 Vine St. sold to an “institutional buyer” in Chicago whose name was not released, according to a statement released by CBRE. A five-member brokerage team from CBRE’s Ontario and Newport Beach offices represented the …

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U.S., local home prices rise

National home prices increased 4.9 percent in June compared with June 2019, according to data. Month-over-month, prices of condominiums and single-family homes rose one percent in June, the fastest monthly gain since January 2013, Irvine-based CoreLogic reported in its monthly assessment of the U. S. Housing market. “Mortgage rates hit …

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Fontana apartment complex sold

Inland Empire Retail Properties Sold

An 18-unit apartment complex in Fontana has sold of $2.6 million. The Juniper Apartments at 8945 Juniper Ave. was sold by a local private investor whose name was not released, CBRE said Wednesday. Information about the buyer was not available. The property is near Chaffey College, the Fontana Metrolink Station, …

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IE is launch pad for home office design

KB Home is introducing its home office design this week at two Inland Empire developments. The Carmel Ridge at Spring Mountain Ranch in Riverside and Talavera community in Menifee will include the home office, which is designed to make working from home easier and more productive, according to a statement …

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Lake Elsinore retail building sold

A multi-tenant retail building in Lake Elsinore has been sold. The 144,034 square-foot structure at Lake Elsinore Marketplace  – anchored by Costco, Lowe’s, Grocery Outlet, PetSmart, and Dollar Tree – sold for $3.7 million, according to a statement. Hanley Investment Group Real Estate Advisors, which buys and sells retail properties, …

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Industrial property sells for $2.6 million

Ontario-based Avison Young has announced the sale of a three-building industrial property in Perris for $2.6 million. The 13,100-square-foot property at 2282 Goetz Road was sold to a private investment group in Perris, the real estate brokerage said. The buyer, AJ Rental Inc. in Irvine, was represented by Cushman & …

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