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Tag Archives: Real Estate

Class-A Temecula office building sold

Sold Stamp

A Temecula office building has been sold for $13.8 million. The Tower Office Plaza was sold recently by Providence Real Estate Group to Level Asset Capital, a commercial real estate investment firm in Irvine, according to CBRE. “Office sales in the Temecula and Murrieta areas remain strong and are somewhat …

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U.S. housing market stays healthy

Nationwide housing prices take record jump

The U.S. housing market gained $2.4 trillion between the end of 2022 and the end of last year, according to a study release Feb. 28. The total value of U.S. homes increased 5.3 percent year-over-year, the largest increase in 11 months, and was up 13.3 percent – $5.6 trillion – …

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Rental community goes online

Seven Inland Empire multifamily properties change hands

A 22-acre residential rental community has opened in La Quinta. SolTerra Luxury Rental Homes consists of 131 three or four-bedroom single-family homes, according to a statement. The project broke ground in January 2022 and took about two years to complete. The one-and two-story houses include large open floor plans, two-bay …

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Ontario industrial building sold

building sold

A 17,360-square-foot industrial building in Ontario has been sold for $3.4 million. The multi-tenant structure at 1804-828 E. Elma Court has 13 fully-occupied units, according to 36th Street Partners, the El Segundo-based industrial investment firm that purchased the property. Built in 1982, the building sits on 1.3 acres in a …

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Palm Springs resort to become apartment

A former Palm Spring resort has been sold for $4.7 million. Tuscany Manor was sold to a private buyer who plans to convert the property into an apartment complex, according to CBRE. CBRE represented the seller, Dr. Steven Bein, a retired dentist, and the buyer, whose name was not released. “The …

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Shopping center gets refinanced

Riverside shopping center gets refinancing

A 99,000-square-foot retail center in Riverside has been refinanced with a $12.8 million loan. The property is part of the Citrus Landing shopping center and is anchored by Stater Bros. Auto Zone and Ross Dress For Less, according to a statement. Located at 7200 Arlington Ave. the parcel also includes …

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