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Ontario apartment sells for $50.5 million

building sold

A 156-unit multifamily complex in Ontario has been sold for $50.5 million. The Landing Apartments was sold by the  Orange County family that has owned the property for 20 years, according to a statement. The Mogharebi Group, an investment real estate firm based In Costa Mesa, represented the seller. Information …

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State showing signs of a soft housing market

U.S. home prices record annual decline

Sales of existing single-family homes in California in April totaled 267,880, a decline of 4.7 percent from March and a drop of 36.1 percent year-over-year, according to a report. Statewide, the median home price last month was $815,340, up three percent from March and down 7.8 percent from April 2022, …

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Ontario International Airport expects strong summer

ONT nearly back to pre-pandemic passenger levels

More than 1.8 million travelers are expected to use Ontario International Airport between May 26, the Friday before Memorial Day, and September 4, Labor Day, according to a statement released by the airport. That estimate, which is based on current airline schedules, would be a 7.1 percent year-over-year increase if …

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Major industrial project will replace drive-in theater

Eastvale looks to build civic center, commercial and residential project

Montclair traded one of the last drive-in movie theaters in California for a major industrial project. The Mission and Ramona Business Park is being developed on at the northwest corner of Mission Boulevard and Ramona Avenue, the former location of the four-screen Mission Tiki Drive-In, which closed in January. Grading …

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Chino council members accept award

Chino Mayor Eunice Ulloa and Council member Curtis Burton have accepted the Excellence Award in Urban Design from the American Planning Association’s Inland Empire section. The award, presented May 11 during a banquet at The Cheech Marin Center for Chicano Art & Culture in Riverside, recognized the Chino Downtown Civic …

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Brown elected VP of Realtors Association

Kevin Brown has been elected first vice president of the National Association of Realtors. An Oakland resident who served as president of the California Association of Realtors in 2014, Brown’s selection was announced May 11 during the association’s legislative meetings in Washington, D.C, according to statement. “I am well-positioned to …

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