Southern California’s median home price rose seven percent in April, to $760,000, according to a report. All of the region’s six counties – Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura – recorded year-over-year price increases during the fourth month of 2024, Irvine-based CoreLogic reported this week. In …
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A 133,00-000-square-foot grocery-anchored shopping center in Riverside is being refinanced. Magnolia Towne Center has received a $17 million permanent loan arranged by Gantry Inc., commercial real estate firm with offices in Los Angeles, San Francisco and throughout the United States, according to a statement. Tenants include Ralphs, Wells Fargo Bank …
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A 49,600-square-foot industrial building in Corona has been sold for $15.9 million. The building, at 1141 California Ave., was purchased last year for an undisclosed sum by PPVS Properties LLC in Castro Valley, according to a statement. PPVS Properties then renovated the freestanding building, which sits on 2.5-plus acres and …
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A 63-unit multifamily property in Palm Desert has been sold. Investment Concepts Inc., a development and property management firm in Orange, bought Ariana at El Paseo for $14 million, according to a statement. 45278 Deep Canyon Road, a private investment group that adopted the project’s address for its name, was …
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Two industrial buildings in Ontario have been sold for $142 million. Stockbridge, a San Francisco-based real estate investment management firm, recently bought the freestanding buildings at 3351 E. Philadelphia St. and 4450 E. Lowell St., according to a statement. Both structures are 100 percent leased. Cushman & Wakefield represented the …
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Nine logistics buildings near Ontario International Airport will undergo a $25 million renovation. Granite, a 102-year-old construction firm in Watsonville that recently opened an Ontario office, will enlarge and retrofit the buildings’ water and sewer systems and storm drains, according to a statement. Other planned improvements include construction of a …
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IE Business Daily Business news for the Inland Empire.
