Ontario has agreed to build more than 20,000 housing units between now and October 2029, including 9,000 units for low-income residents. The updated housing element, adopted earlier this month, represents what the city is required to build under the state-mandated Regional Housing Needs Assessment (RHNA), according to a statement on …
Read More »Fontana shopping center sold
CBRE has negotiated the sale of the Inland Empire Center in Fontana. The retail center, which covers nearly 310,000 square feet, sold for $70.5 million to to JH Real Estate Partners, Inc., a real estate investment company in Newport Beach, according to statement released today. The seller’s name was not …
Read More »Home sales fall, but market still considered strong
Single-family home sales fell 8.2 percent year-over-year in February, the eight consecutive month sales have fallen in that category, according to a report released this week. Statewide sales totaled 424,640 during the second month of the year, while the median price of a home in California was $771,270, up 10.3 …
Read More »Class A industrial building planned for Corona property
An Orange County company has bought a 13-acre parcel in Corona that is home to a 67,000-square-foot industrial building occupied by Laticrete International, which makes concrete and stone building materials. North Palisades Partners, an industrial and development firm, paid $35 million for the property at 22740 Temescal Canyon Road in …
Read More »Dornin Investment Group sells Class A office building
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 …
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