Two industrial buildings in Temecula that combined cover 166,000 square feet have been sold. The structures, at 26201 Ynez Road and 42259 Rio Nedo Road, were bought recently by Cire Equity in San Diego for $24 million, according to a statement. The seller’s name was not disclosed. The sale price is …
Read More »Industrial building near ONT leased
A 184,000-square-foot industrial building in Ontario has been leased. The structure, at 5700 E. Airport Drive, is part of the 250,248-square-foot Airport Distribution Center, according to a statement. The tenant is Logistar, Inc., a trucking company in Quebec. The owner of the building is Alere Property Group Inc., a Newport …
Read More »Major housing development takes shape in Eastvale
An Irvine-based homebuilder and land developer has begun work on a major project in Eastvale. New Home Co. recently started construction of Eastvale Square, which will be made up of nearly 2,000 homes immediately west of Interstate 15 in the middle of the city, according to a statement. The project, …
Read More »Southern California housing market posts solid gains
Southern California’s median home price rose seven percent in April, to $760,000, according to a report. All of the region’s six counties – Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura – recorded year-over-year price increases during the fourth month of 2024, Irvine-based CoreLogic reported this week. In …
Read More »Shopping center gets refinanced
A 133,00-000-square-foot grocery-anchored shopping center in Riverside is being refinanced. Magnolia Towne Center has received a $17 million permanent loan arranged by Gantry Inc., commercial real estate firm with offices in Los Angeles, San Francisco and throughout the United States, according to a statement. Tenants include Ralphs, Wells Fargo Bank …
Read More »West end industrial building sold
A 49,600-square-foot industrial building in Corona has been sold for $15.9 million. The building, at 1141 California Ave., was purchased last year for an undisclosed sum by PPVS Properties LLC in Castro Valley, according to a statement. PPVS Properties then renovated the freestanding building, which sits on 2.5-plus acres and …
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