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Rental community goes online

Seven Inland Empire multifamily properties change hands

A 22-acre residential rental community has opened in La Quinta. SolTerra Luxury Rental Homes consists of 131 three or four-bedroom single-family homes, according to a statement. The project broke ground in January 2022 and took about two years to complete. The one-and two-story houses include large open floor plans, two-bay …

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Ontario industrial building sold

building sold

A 17,360-square-foot industrial building in Ontario has been sold for $3.4 million. The multi-tenant structure at 1804-828 E. Elma Court has 13 fully-occupied units, according to 36th Street Partners, the El Segundo-based industrial investment firm that purchased the property. Built in 1982, the building sits on 1.3 acres in a …

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FTC files lawsuit against grocery merger

Federal Trade Commission has filed a lawsuit that seeks to block a proposed merger of the Kroger and Albertsons supermarket chains. Attorneys for the agency filed the suit Feb. 26, a move that was joined by eight states and the District of Columbia, according to multiple reports. The two grocers – …

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Palm Springs resort to become apartment

A former Palm Spring resort has been sold for $4.7 million. Tuscany Manor was sold to a private buyer who plans to convert the property into an apartment complex, according to CBRE. CBRE represented the seller, Dr. Steven Bein, a retired dentist, and the buyer, whose name was not released. “The …

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Palm Springs theater restoration group hires management team

Palm Springs theater restoration

Restoration of The Plaza Theatre in Palm Springs isn’t scheduled to start until next month, but a company has already been selected to manage daily operations at the historic downtown structure once it returns to business. Oak View Group, owner and operator of the 11,000-seat Acrisure Arena in Palm Desert, …

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Riverside County opens voting centers

Voters in Riverside County may now cast their ballots in the March 5 presidential primary election. Seventeen voting centers were scheduled to open throughout the county Feb. 24, and another 131 will open March 2, according to a statement on the county’s website. Residents may vote in-person or return their …

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