A manufacturing-distribution facility in Corona has been sold. Alere Property Group LLC, a real estate investment firm in Newport Beach, bought the building for $12.1 million, CBRE has announced. The seller was 66 River Partnership LP, a development firm also in Newport Beach. CBRE represented both parties in the transaction, …
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OneLegacy, a nonprofit that arranges organ, eye and tissue transplants, will open a recovery facility in Redlands. The Los Angeles-based agency will move into a 40,000-square-foot building at 1701 Orange Tree Lane, said Ross Goldberg, spokesman for the organization. Work is expected to begin there March 21. The facility, which …
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Inland Empire home prices, including distressed sales, rose 7.9 percent in December year-over-year, according to data released this week. Prices were essentially unchanged compared with November, Irvine-based CoreLogic reported. Nationwide, home prices were up 6.6 percent between December 2017 and December 2016, and up 0.5 percent from November. “The number …
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Stater Bros. will again participate in the annual fundraising campaign conducted by The American Heart Association/American Stroke Association. “Life is Why We Give” is scheduled to begin Wednesday and last through Feb. 18, according to a statement by Stater Bros. Charities. All Stater Bros. patrons may purchase $1 or $5 …
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A 227-unit apartment complex in Moreno Valley has been sold. Mediterranean at Towngate sold for nearly $28 million, according to a statement released by CBRE. TruAmerica, a Los Angels-based company that renovates and repositions multifamily properties, was the seller. The buyer was New Standard Equities, a real estate investment and …
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Construction of a 504,000-square-foot warehouse-distribution building in Riverside has been completed. Meridian Distribution Center II occupies 27 acres at 22000 Opportunity Way, near Interstate 215 and Van Buren Boulevard, according to a statement released Monday by Newcastle Partners, the project’s developer. The building is part of Meridian Business Park, a …
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IE Business Daily Business news for the Inland Empire.
