A two-story office building in Rancho Cucamonga has been sold for $6.2 million. The structure at 9421 Haven Ave. was sold to a local buyer, according to CBRE, which helped negotiate the sale. Names of the buyer and seller weren’t released. “We are thrilled to have facilitated the sale of …
Read More »KB Home opens in Perris
KB Home has opened a community in Perris. Rockridge is at Walnut Avenue and Sherman Road, near I-215 and the 74 Freeway, according to the Los Angeles-based homebuilder. The development offers one- and two-story homes with up to five bedrooms and three-and-a-half baths. Prices start at $580,000. Model homes are available …
Read More »Riverside industrial facility sells for $257 million
A 900,000-square-foot warehouse-distribution facility in Riverside has been sold for $257 million. Built in 2019, the building at 21600 Cactus Ave. was sold by BlackRock, a global asset management firm, to Burlington Distribution, an affiliate of Burlington Stores, according to a statement. Colliers represented Burlington Distribution, and CBRE represented BlackRock, …
Read More »Rancho shopping center gets refinance loan
A real estate investment, development and finance company has arranged a $19 million refinance loan for a neighborhood shopping center in Rancho Cucamonga. BOLOUR, a private company in Beverly Hills, provided the 12-month cash-out refinance loan through its affiliate, BA Debt Fund LLC. The shopping center is located at 8601 …
Read More »Apartment complex sold for $41 million
A seven-building apartment complex in Moreno Valley has been sold for $41 million. Brixton Capital, a private real estate investment firm in Solana Beach, recently sold Elevate at Towngate to FPA Multifamily in San Francisco, according to a statement. Built in 1973, the 227-unit apartment complex is at 13400 Ellsworth …
Read More »State housing market rebounds in February
California’s housing market bounced back in February, posting the largest number of sales in more than two years, according to a recent report. Sales of existing single-family homes last month totaled 283,540, up 11.6 percent from January and 2.6 percent year-over-year, the California Association of Realtors reported. That sales number …
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