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 »Indio apartment complex is sold
A 74-unit apartment complex in Indio has been sold for $14.1 million Vintage Palms Apartments was purchased recently by a private investor whose name was not released, according to CBRE. The complex, at 82435 Requa Ave., near Highway 111, has controlled access, on-site laundry, a swimming pool, playground, grill and …
Read More »Retail buildings at Highland Village Shopping Center change hands
Two retail buildings near Highland Village Shopping Center in Fontana have been sold. The structures, both of which have tenants, are at 16918-16938 S. Highland Ave., next to the shopping center at Highland and Sierra avenues, according to Hanley Investment Group Real Estate Advisors. Both buildings combined cover more than …
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