A Class A Riverside office building has been sold for $13.1 million. The property, at 2280 Market St., sold to a California-based business whose name was not released, according to Dornin Investment Group, the building’s seller. Dornin investment, a real estate firm with offices in Laguna Beach and Las Vegas, …
Read More »Family trust buys Riverside Kaiser building
CBRE has negotiated the sale of a multi-tenant office building in Riverside. The building, at 11870 Pierce St., sold for $10.1 million to an Orange County family trust whose name was not released, according to a statement. Kaiser Permanente occupies 32 percent of the building, making the it the building’s …
Read More »Habit Burger building sells for $4.5 million
A Palm Desert building occupied by The Habit Burger Grill has been sold. The building at the Monterey Crossing Shopping Center sold for $4.5 million, according to Hanley Investment Real Estate Advisors. Hanley Investment represented the seller, Fountainhead Development in Newport Beach. The buyer was a private investor whose name …
Read More »The Plaza Theatre in Palm Springs is about to get a major overhaulf
Closed since 2014, a massive restoration was derailed by COVID-19 but is now back on track thanks to a $5 million donation. The next steps are to finish fundraising and come up with some plans. Backers of the restoration of the Plaza Theatre in downtown Palm Springs got …
Read More »State housing market stays solid in January
Sales of existing single-family homes in California totaled 444,540 in January, up 3.4 percent from December but down 8.3 percent year-over-year, according to the California Association of Realtors. The year-over-year sales decrease was the seventh straight decline but the smallest in six months, the Los Angeles-based association reported. The statewide …
Read More »Bank of America building sells for $6.15 million
A building in Rancho Cucamonga occupied by Bank of America has been sold. The structure, at 8700 Baseline Road, sold for $6.15 million in an all-cash transaction, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive represented the seller, WM Capital. Marcus & Millichap represented the buyer, a Northern California …
Read More »