Golden Sands, a 120-unit apartment complex in Victorville, has sold for $14.2 million. Hanes Properties LLC, a real estate investment and management firm in Los Angeles, bought the property from Positive Investments, an Arcadia-based real estate and property management firm, CBRE announced. CBRE represented Positive Investments in the negotiations, which …
Read More »Loan secured for mixed-used project in southwest Riverside County
Parkview Financial in Los Angeles has provided a $19.8 million loan that will help build the first phase of French Valley Commons, a mixed-use project planned for unincorporated Riverside County. That phase will include a nine-building mixed-use project at the northwest corner of Leon and Benton roads in Winchester, an …
Read More »Temecula warehouse-distribution building sold
Avison Young recently completed the sale of a logistics facility in southwest Riverside County for $9.3 million. The building, at 40761 County Center Drive in Temecula, is occupied by Walmart, which agreed to lease the building for three more years after the sale was completed, according to a statement. The seller …
Read More »Not much changed in the Inland housing market during the past year
Not enough houses are being built and that might not change in 2019, according to several experts. It’s become an all-too-familiar story: housing prices in the Inland Empire keep going up, which causes sales to fall. First-time buyers are being kept out of the market, and step-up buyers can’t buy …
Read More »Walgreens property in SB sold
A 1.4-acre property in San Bernardino that is occupied by a Walgreens has been sold. The parcel, at 1634 E. Highland Ave., sold for $2.9 million to a private investor from Newport Beach whose name was not disclosed, according to a statement. The seller was a private investor who also …
Read More »Inland Empire industrial market show no signs of cooling off
E-commerce and “big box” projects will continue to drive the market, although construction of new logistics projects might slow a bit, according to several experts. The Inland Empire’s logistics market turned in another spectacular year in 2019, and that trend is likely to continue in 2020, according to several Inland …
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