A real estate investment and management firm has purchased 921,700 square feet of industrial properties in the Inland Empire. Ocean West Capital Partners in El Segundo spent an undisclosed sum on four warehouse distribution projects in San Bernardino and Fontana, according to a statement released by the company. The properties, …
Read More »Rialto gets another retail center
A 96,000-square-foot retail center has opened in Rialto. Rialto Village, developed by NewMark Merrill Cos, in Calabasas, is at Riverside Avenue and San Bernardino Road in the south part of the city, according to RENTV.com, a real estate website. The shopping center is fully occupied. Tenants include Sprouts, Burlington, In-N-Out, …
Read More »Retail building sells for $7.4 million
A 22,000-square-foot retail building in the Terra Vista Town Center in Rancho Cucamonga has been sold. The structure at 10582 Foothill Blvd. was sold for $7.4 million by a private investor in Michigan to a private investor in the San Gabriel Valley, according to Progressive Real Estate Partners in Rancho …
Read More »Multifamily project planned for Murrieta
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. …
Read More »Restaurant site near The Mills is sold
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 …
Read More »Low-income apartment complex sold
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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