A 385-unit multifamily property in Montclair has been sold for $150 million. Archway Equities’ purchase of The Paseos at Montclair North is reportedly the largest multifamily transaction in Southern California this year, according to a statement. 4914 Olive Street Properties LLC was the seller. JLL represented the investment group in …
Read More »Riverside shopping center gets refinancing
The developer of a neighborhood shopping center in Riverside has obtained $37 million in financing for the 1980s-era facility. The 16-building Mission Grove Plaza is anchored by State Bros. and is scheduled to add a 32,000-square-foot EOS Fitness to its tenant mix in the first quarter of 2024, according to …
Read More »Bill calls for homeless shelter at state hospital
A state Senate committee has approved a bill that proposes to use part of Patton State Hospital to shelter homeless people. AB 349 will convert an empty building at the hospital in Highland into a housing and mental health service facility, according to Assemblyman James C. Ramos, D-San Bernardino, the …
Read More »Moreno Valley, UCR partner for business workshops
Moreno Valley and UC Riverside will hold two information-gathering sessions with small business owners and other local entrepreneurs. That data will be the basis for “in-depth” workshops meant to help both of those groups expand and improve their Moreno Valley-based businesses, according to a statement on the city’s website. The …
Read More »Chicano art museum is a hit
“The Cheech” had a very good first year. The Riverside Museum devoted exclusively to Chicano art and culture attracted 100,000 visitors during its first 12 months in operation, about 30 percent more than its goal, according to a statement. Opened June 18, 2022, the Cheech Marin Center for Chicano Art …
Read More »Report confirms what everyone already knows: business are leaving California
It’s no myth: businesses are fleeing California, apparently at a stronger pace than previously believed. Between 2012 and 2019, the number of businesses that left the state nearly doubled, according to California’s Competitiveness: A Regional Approach, a study released this month by the Los Angeles Area Chamber of Commerce. “California …
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