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Apartment project sells for $8.3 million

Apartment Building in Riverside

A 44-unit apartment complex in Riverside has been sold for $8.3 million. Ramona Oaks Apartments, 3401 Ramona Drive, is a six-building property that features 20 one-bedroom, one-bathroom units and 24 two-bedroom, one-bathroom units, according to CBRE. The buyer and seller were both private investors whose names were not released. CBRE …

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SB apartment complex sells for $18 million

Sold Property Sign

A 79-unit apartment complex in San Bernardino has been sold for $18 million. Multiple offers were made on the 35-year-old project at 160 E. Parkdale Drive, according to The Mogharebi Group, the brokerage firm that negotiated the transaction. Buyer and seller were both private investments groups in Los Angeles whose …

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“Last-mile’ facility in Rancho Cucamonga changes hands

building sold

An Orange County company that develops and invests in industrial real estate in Southern California has purchased a facility in Rancho Cucamonga. Alere Property Group in Newport Beach bought the warehouse distribution facility at 8700 White Oak Ave. for an undisclosed sum, according to a statement. Built-in 2000, the 72,051 …

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CSUSB program to help with healthcare worker shortage

CSUSB receives 10-year accreditation

Cal State San Bernardino will become the first public university in Southern California to offer a Master of Science Physician Assistant curriculum. The program, expected to start in the fall of 2024, will help address the chronic shortage of healthcare professionals in the Inland Empire, according to a statement on …

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CVB Financial releases second quarter earnings

Money Growth Chart

Ontario-bases CVB Financial Corp., and its subsidiary, Citizens Business Bank, have announced a net income of $51.2 million for the quarter that ended June 30. That was compared to $63.9 million and $41.6 million for the second quarter of 2020, according to a statement. Earnings per share were 38 cents …

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Inland food bank receives grant

Fresh Produce

Feeding America Riverside-San Bernardino, one of the Inland Empire’s largest food banks, has received a $35,551 grant from the Anthem Foundation. The grant will be used to launch the “Food Is Medicine” program, which will be conducted by the food bank, the Riverside University Health System, and the Inland Empire …

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