IE Business Daily Business news for the Inland Empire.
A multi-family project next to the Riverside-La Sierra Metrolink station has been sold for $60 million. San Diego-based Davlyn Investments, which specializes in multi-family and commercial properties, closed escrow on the Class A-development in southwest Riverside late last month, according to a statement. It was the company’s 11th transaction in …
Read More »SB apartment complex sells for $7.7 million
A 67-unit apartment complex in San Bernardino has been sold. The Mountain View Apartments at 1475 E. Date St. sold for $7.7 to a private investor, CBRE announced Wednesday. Built in 1985, the project sits on 2.5 acres. It has 24-hour security, gated parking, a gated pool and a laundry …
Read More »IE good market for vets
The Inland Empire has been named among the top 30 places in the United States for millennial veterans to buy a home. The two-county region ranked 25th, below Houston and above Kansas City in the survey by Veterans United Home Loans in Columbia, Mo., one of the largest Veterans Administration’s …
Read More »Industrial park fetches $30 million
An industrial park in Mira Loma has been sold for nearly $30 million. Mira Loma Industrial Center South consists of five free-standing buildings at DeForest Circle and Nobel Court and covers nearly 173,000 square feet, according to Cushman & Wakefield Ontario, which negotiated the transaction. The project was completed in …
Read More »Ontario changes direction on Meredith property
Once envisioned as a gateway to the Inland Empire that would be anchored by high-end office projects, the 250-acre parcel at Interstate 10 and Archibald Avenue is now the Meredith International Centre and is a mix of retail, residential and industrial. Office development will likely go in other parts of …
Read More »One more bad month for Southern California home sales
The Southern California housing market suffered another rough month in June, according to data. Sales of new and existing houses and condominiums fell 8.8 percent year-over-year, from 22,804 in June 2018 to 20,790 last month, CoreLogic in Irvine reported. That was the lowest total sales for the month of June …
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