A 156-unit multifamily complex in Ontario has been sold for $50.5 million. The Landing Apartments was sold by the Orange County family that has owned the property for 20 years, according to a statement. The Mogharebi Group, an investment real estate firm based In Costa Mesa, represented the seller. Information …
Read More »State showing signs of a soft housing market
Sales of existing single-family homes in California in April totaled 267,880, a decline of 4.7 percent from March and a drop of 36.1 percent year-over-year, according to a report. Statewide, the median home price last month was $815,340, up three percent from March and down 7.8 percent from April 2022, …
Read More »Major industrial project will replace drive-in theater
Montclair traded one of the last drive-in movie theaters in California for a major industrial project. The Mission and Ramona Business Park is being developed on at the northwest corner of Mission Boulevard and Ramona Avenue, the former location of the four-screen Mission Tiki Drive-In, which closed in January. Grading …
Read More »Median home price out of reach for most
Twenty percent of California households could afford a median-priced home of $760,260 during the first quarter of this year, according to a report released May 16. That was a three percent increase from the fourth quarter of 2022, but a 24 percent decline compared with the first quarter of 2022, …
Read More »Temecula shopping center sells for $27.7 million
A neighborhood shopping center in Temecula has been sold for $27.7 million. Meadows Village Center was purchased recently by RA Center, a Newport Beach-based investment group, according to a statement released by CBRE’s National Retail Partners-West. CBRE represented the seller, and affiliates of Fortress Investment Group LLC, a global investment …
Read More »Car wash property sold
A 3,600-square-foot property in Corona occupied by a Quick Quack Car Wash has been sold. The parcel at 850 N. Main St. was sold by a private developer to a private investor, both from Southern California, for $4.4 million, according to SRS Real Estate Partners’ National Net Lease Group in …
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