An Irving-Texas-based multifamily developer will build an 852-unit apartment complex in Murrieta. JPI has purchased a vacant 31.7-acre parcel at Jefferson Avenue and Murrieta Hot Springs Road for $38 million and will break ground on the project late this year or in early 2024, according to a statement released Oct. …
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A property near Ontario Mills that is occupied by a Mexican food restaurant has been sold for $4.6 million. The 5,535-square-foot building at 4423 Mills Circle is home to Culichi Town, according to SRS Real Estate Partners’ Newport Beach office. SRS represented the seller, a Southern California developer whose name …
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A multifamily complex in Ridgecrest that is priced for low-income occupants has been sold for $3.8 million. Ridge Apartment Homes, 400 Cisco St., has two and three-bedroom units as well as an outdoor pool and playground, according to a statement. The property, located east of Highway 395 and north of …
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A 20-unit apartment complex in Twentynine Palms has been sold for $2.4 million. Blue Horizon Apartments was 95 percent occupied when it changed hands, according to CBRE, which represented the buyer and the seller in the transaction. Both parties declined to be identified. “The Twentynine Palms area has grown a …
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Sales of existing single-family homes in California totaled 240,940 in September, down 5.4 percent in August and 21.5 percent from one year earlier, according to data released today. The median price of a single-family home last month was $843,340, down 1.2 percent from August but up 3.2 percent year-over-year, the …
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A medical office building in Upland has been sold for $8.8 million. The three-story structure at 400 Mountain Ave. was sold by Harbor Associates LLC, a property investment company in Seal Beach, to a local medical user who was not identified, according to CBRE. “This was an opportunity to acquire …
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IE Business Daily Business news for the Inland Empire.
