The former site of a manufacturing plant in Pomona be home to a 143-unit condominium project. The city’s planning commission has granted a conditional use permit to the development, which will be built on seven acres in the 800 block of Bonita Avenue, according to a report in the Inland …
Read More »CBRE Ontario announces retail brokers
CBRE Group Inc. Ontario has a new retail team. Recently hired Ryan Gast, an associate, will join Senior Vice President Dan Samulski in brokering real estate deals in the Inland Empire, according to a statement. “Ryan is a strategic hire for our office,” said Joe Cesta, CBRE’s managing director in …
Read More »Office building sells
A Class-A office building in downtown Riverside has been sold. The building, at 11801 Pierce Road in the Riverwalk project, sold for $7.1 million, according to CBRE Group Inc. The transaction was announced Wednesday. CBRE and Lee & Associates represented the seller, Turner Real Estate Investments in Newport Beach, Continental …
Read More »Housing planned for Murrieta
A San Diego real estate and investment firm will develop multi-family housing on 25-acres in Murrieta. Zephyr Properties recently closed escrow in the property near Murrieta Mesa High School, according to multiple reports. The property was originally listed at $4.9 million, but multiple offers drove the price up to close …
Read More »Pending home sales drop; distressed market improves
Pending home sales in California dropped in August, the fifth consecutive month that the market indicator declined. The state’s Pending Homes Sales Index dropped 4.5 percent, from 104.5 in July to 99.8 last month based on signed contracts, according to a report released Tuesday by the California Association of Realtors. …
Read More »Homes planned for Calimesa
A major U.S. homebuilder has purchased 35 single-family lots in Calimesa. D.R. Horton Inc. bought the parcels from Highpointe Communities, a land development company in Aliso Viejo, said Tom Doyle, principal with WD Land in Irvine. The transaction was completed in August and announced last week by WD Land, a …
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