Fontana multifamily project Vasari at Ventana has been named the top multifamily project of its kind in the Inland Empire for 2024 Inc. CoStar Group Inc. The first phase of the high-end development consists of 257 luxury units, the first part of what will be a 101-acre planned community in …
Read More »Desert Hot Springs retail property sells for $6.1 million
A retail property in Desert Hot Springs has been sold for $6.1 million. The 33,000-square-foot site at 13000-13160 Palm Drive is occupied by a multi-tenant shop building and two nearby offsite pads, one of which is occupied by Chase Bank, according to Progressive Real Estate Partners in Rancho Cucamonga. The …
Read More »Fontana logistics center sells for $197 million
An 820,000-square-foot warehouse-distribution facility in Fontana has been sold for $197 million. EQT Exeter, a global firm that develops, leases and manages industrial properties, bought the Commerce Way Distribution Center from Manulife Investment Management, according to a statement. JLL helped arrange the sale of the 44-year-old project, which is at …
Read More »Jurupa Valley Travel Center is sold
A travel facility in Jurupa Valley has been sold for $14 million. The Pilot Flying J Travel Center, a 15,500-square-foot project at 11053 Riverside Drive, was purchased by an Irvine-based private investor whose name was not released, according to a statement. Built in 2019, Pilot Flying J sits on 11.5 …
Read More »SoCal housing market stays solid
Home sales in Southern California rose 6.6 percent year-over-year in January, with Riverside and San Bernardino counties recording gains, according to data released March 18. Orange County posted the region’s largest annual increase in home sales, at 12.9 percent, followed by Riverside (8.7 percent), Los Angeles (8.0 percent), San Bernardino …
Read More »San Bernardino retail parcel changes hands
A property in San Bernardino occupied by a 7-Eleven convenience store has been sold for $7.7 million. The 1.2-acre parcel at 171 E. Redlands Blvd. was sold by Chase Partners Ltd. in Glendale, the project’s developer, to a private investor in Bakersfield whose name was not released, according to Hanley …
Read More »