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Multifamily project sells for $53.6 million

A 197-unit apartment complex in San Bernardino has been sold for $53.6 million. The Vue, at 1660 W. Kendall Drive, was purchased recently by Tailwind Investment Group in Newport Beach, according to a statement released Monday by CBRE. The sellers were Dalan Management, a real estate investment and management firm …

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Major mixed-use project slated for Barstow

Major mixed-use project slated for Barstow

The Shops at Spanish Trail could transform not only Barstow but all of the High Desert. Supporters of the mixed-use development want to bring retail, commercial, and some residential development to the region, but first, they have to find out what sort of development residents will support.   Joseph W. …

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Victorville uses federal money to help homeless

Homeless Crisis in Riverside

Victorville is accepting applications for a recovery program meant to help homeless shelters and housing nonprofits hurt by the pandemic. Awards of up to $100,000 per application are being offered through the Homeless Shelter and Housing Services Recovery Program, which the city council approved on Sept. 21. Council members approved …

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MoVal opens Kawhi Leonard Basketball Court

Kawhi Leonard, Moreno Valley native and a member of the Los Angeles Clippers, and Mayor Yxstian Gutierrez recently dedicated Kawhi Leonard Basketball Court at Weston Park. The court was designed by street artist Mr. Brainwash and hand-painted by community volunteers, including city staff, council members, Leonard’s family, and members of …

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Forecast: home sales to drop in 2022

median priced home

Sales of existing single-family homes in California are expected to drop 5.2 percent in 2022, according to the California Association of Realtors. California’s median home price will increase 5.2 percent next year, to $834,400, the association predicted in its 2022 housing forecast, which it released Thursday. To put the median …

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Building Industry Association splits from SCAG

The Building Industry Association of Southern California has severed its ties with the Southern California Association of Governments. That move is described as temporary in an announcement made Tuesday by the Building Industry Association. The BIA took the action in response to SCAG’s refusal to address “numerous concerns set forth …

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