San Bernardino is preparing to complete the fourth phase of an affordable housing project that it began about a dozen years ago. All it needs to make that happen is some help from the federal government. Arrowhead Grove – formerly called Waterman Gardens – will convert a 40-acre site that …
Read More »Desert medical clinic building sold
An Indio building that is occupied by a dialysis clinic has been sold. The structure at 82900 Avenue 42, home to DeVita Dialysis, was purchased for $4.2 million by a Los Angeles Investor whose name was not released, according to Progressive Real Estate Partners in Rancho Cucamonga. The seller, represented …
Read More »U.S. home prices keep rising
U.S. home prices rose 3.7 percent in August, the 139th consecutive month that prices have gone up year over year. That was the highest 12-month increase since February, enough to leave single-family home prices nationwide 42 percent higher than they were when the pandemic began in the United States in …
Read More »Wildomar residential project finished
A 170-unit residential development in Wildomar has been completed. Tricon Wildomar is a rental community developed by Foremost Pacific Group in Mission Viejo, according to a statement. Located at 24802 Alita Way near Interstates 15 and 215, Tricon Wildomar consists of one-, two-, and three-bedroom townhomes with solar power, rentable …
Read More »State housing sales expected to rise
Sales of existing single-family homes in California are expected to reach 327,100 units in 2024, a 30 percent increase from this year’s projected 266,200 units sold, according to a forecast released this week. The median price of a single-family home statewide is expected to reach $860,300 next year, a year-over-year …
Read More »Financing secured for Moreno Valley industrial site
An Orange County industrial real estate company has secured financing on a 22-acre parcel in Moreno Valley. Cap Rock Partners in Newport Beach will either build a 500,000-square-foot industrial warehouse on the site, which is part of the World Logistics Center or sell the property once it’s entitled, according to …
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