MGR Real Estate purchased $138.8 million in commercial real estate during 2017, the Ontario-based company has reported. The real estate and property management firm made four major transactions last year, including its purchase of One Lakeshore Centre in Ontario, according to a statement. That Class A office project near Haven …
Read More »Mt. San Jacinto Colleges set to expand
The Mt. San Jacinto Community College District has bought two office buildings in Temecula that it will use for expansion. Both structures at 41888 Motorcar Parkway, cover 350,000 square feet, the size of all the buildings at Mt. San Jacinto’s Menifee Valley campus, according to a statement on the school’s …
Read More »Rents continue to rise
Multifamily rents in the United States rose 2.7 percent in February. Nationwide, the average multifamily rent last month was $1,364, according to a recent report by Santa Barbara-based Yardi Matrix. The report, based on data taken from 121 markets, called the increase “not surprising … since it is very close …
Read More »Office building to supplement medical center
Construction has begun on a 200,000-square-foot office building that will be used by the Riverside University Health System. The three-story building, which will be next to the RUHS Medical Center in Moreno Valley, will house specialty physicians groups, an outpatient surgery facility and an expanded pharmacy, according to a statement …
Read More »Airport gets ride-sharing services
Passengers at Palms Springs International Airport now have two ride-sharing services to choose from. Uber began operating there Monday, said Tom Nolan, the airport’s executive director. Lyft, a service similar to Uber that also operates exclusively by mobile phone app, completed its operating permit with the city Monday and was …
Read More »Stater Bros. ups its presence in Rancho Cucamonga
Stater Bros. Markets will open its fourth store in Rancho Cucamonga. The store, at 7200 Day Creek Blvd., will anchor the Day Creek Marketplace Shopping Center, according to a statement released Monday. A grand opening and ribbon cutting ceremony is scheduled to be held 8 a.m. Wednesday. The store will …
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