Financing has been secured for construction of a 384-unit multifamily project in Ontario. Marcus & Millichap Capital Corp. has negotiated $107 million for the development of Adept Ontario at 4117 E. Concours St., according to a statement. The project next to Toyota Arena will include several digital media signs and 26,000 …
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Two buildings in Rancho Cucamonga, one occupied by a Chipotle Mexican Grill, the other by a Starbucks Drive-Thru, have been sold for $6.2. million. Chase Partners Ltd. in Glendale, the property’s developer, sold the property to a private investor in Los Angeles whose name was not released, according to Hanley …
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An annual income of $63,680 was needed to afford the U.S. median monthly apartment rent of $1,592 in December, according to a report. That was a year-over-year decline of 0.4 percent, and the lowest required income recorded since March 2022, the real estate brokerage Redfin reported. It was also a …
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The Inland Empire multifamily market ended 2024 with an occupancy rate of 94.5 percent, a slight increase from the third quarter, according to a report. One thousand one hundred and ninety-five multifamily units were absorbed in Riverside and San Bernardino counties during the last three months of 2024, up from …
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A Mobil gas station, convenience store and car wash in Colton have been sold for $5.2 million. Purchase of the facility at 130 W. Valley Blvd. included the businesses and the property they’re located on, according to Progressive Real Estate Partners in Rancho Cucamonga. Buyer and seller are both Inland …
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A Dutch Bros Coffee drive-thru in Moreno Valley has been sold for $2.6 million. The 950-square-foot restaurant at 23140 Hemlock Ave. was built last year, according to Hanley Investment Group in Corona del Mar. Hanley Investment Group represented the seller and developer, Evergreen Devco Inc, in Glendale, in the ground …
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IE Business Daily Business news for the Inland Empire.
