Sunday , May 28 2023

Tag Archives: Real Estate

Apartment portfolio sells for $12 million.

Sold Sign

Three San Bernardino apartment buildings have been sold for a combined $12 million. The 79-unit portfolio is in the South Pointe neighborhood near downtown Loma Linda and is close to several universities, including Loma Linda University Medical Center, Cal State San Bernardino, and Cal Baptist University, according to a statement …

Read More »

Ontario apartment sells for $50.5 million

building sold

A 156-unit multifamily complex in Ontario has been sold for $50.5 million. The Landing Apartments was sold by the  Orange County family that has owned the property for 20 years, according to a statement. The Mogharebi Group, an investment real estate firm based In Costa Mesa, represented the seller. Information …

Read More »

State showing signs of a soft housing market

Sales of existing single-family homes in California in April totaled 267,880, a decline of 4.7 percent from March and a drop of 36.1 percent year-over-year, according to a report. Statewide, the median home price last month was $815,340, up three percent from March and down 7.8 percent from April 2022, …

Read More »

Major industrial project will replace drive-in theater

Eastvale looks to build civic center, commercial and residential project

Montclair traded one of the last drive-in movie theaters in California for a major industrial project. The Mission and Ramona Business Park is being developed on at the northwest corner of Mission Boulevard and Ramona Avenue, the former location of the four-screen Mission Tiki Drive-In, which closed in January. Grading …

Read More »

Median home price out of reach for most

Seven Inland Empire multifamily properties change hands

Twenty percent of California households could afford a median-priced home of $760,260 during the first quarter of this year, according to a report released May 16. That was a three percent increase from the fourth quarter of 2022, but a 24 percent decline compared with the first quarter of 2022, …

Read More »

Temecula shopping center sells for $27.7 million

A neighborhood shopping center in Temecula has been sold for $27.7 million. Meadows Village Center was purchased recently by RA Center, a Newport Beach-based investment group, according to a statement released by CBRE’s National Retail Partners-West. CBRE represented the seller, and affiliates of Fortress Investment Group LLC, a global investment …

Read More »