A 330-unit multifamily luxury apartment complex in Palm Desert has been completed. Millennium Apartments is at 74699 Technology Drive, next to Interstate 10 and near Gerald Ford Drive, according to a statement. It’s owned by Metonic Real Estate Solutions, an Omaha, Neb.-based company that specializes in real estate acquisitions, developments, …
Read More »California homeowners keep their homes longer: report
The typical U.S. homeowner owns their house for nearly 12 years, but California homeowners tend to keep their home much longer, according to a report. One reason California homeowners stay put longer than homeowners in other states could be Proposition 13, the 1978 initiative that mandates homeowners pay property taxes …
Read More »Rental homes coming to Corona
Construction has begun on 38 single-family homes in Corona that will be available for rent. The project, which is being developed on 4.7 acres at Citron Street and Taylor Avenue, is being built by Tricon Residential Inc, and Foremost Pacific Group Inc. in Mission Viejo, according to a statement. Tricon …
Read More »Pending home sales rise in Riverside
Riverside had one of the largest increases in pending home sales – 1.3 percent – of any major city in the United States during the four-week period that ended March 2, according to a report. Other major metros that experienced major year-over-year increases in that category included Los Angeles (8.5 …
Read More »Six Inland industrial properties ready for occupancy
Dedeaux Properties, a Commerce-based real estate development and management firm, has acquired certificates of occupancy for six industrial properties in the Inland Empire. The projects include a 167,000-square-foot warehouse in Ontario, a 326,000-square-foot warehouse in Riverside, a 165,000-square-foot high-velocity distribution center in Fontana, a 53,000-square-foot cross-dock facility in Perris, a …
Read More »Demolition begins on Menifee site of abandoned commercial project
The Krikorian Entertainment Complex in Menifee is being torn down before it was ever competed. The project, which was under construction but abandoned not long after the pandemic began five years ago, was declared a public nuisance in June by the city council. Demolition of the dilapidated structure began Jan. …
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