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Tag Archives: Real Estate

Menifee apartment complex sells for $156 million

building sold

A 330-unit apartment complex in Menifee has been sold for $156 million. Artesa at Menifee Town Center was purchased by MG Properties Group, a San Diego real estate company that invests, redevelops, and manages multifamily properties. Irvine-based MBK Rental Living sold the property, a 15-acre development at 30414 Town Center …

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Perris warehouse sells for nearly $60 million

A 333,600-square-foot warehouse-distribution building in Perris has been sold. Harvill Logistics Center in Perris sold recently for $57.5 million, according to The Rockefeller Group, a New York-based real estate company that develops, owns, and manages high-end properties. Rockefeller Group sold the building at 21500 Harvill Ave. to a joint venture …

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Sorelle Apartments in Moreno Valley sells for $85 million

A 330-unit apartment complex in Moreno Valley has been sold for $85 million. Tower 16 Capital Partners in San Diego bought the Sorelle Apartments in an off-market transaction, according to a statement released Monday. The seller’s name was not released. This is Tower 16’s seventh purchase of a multifamily property …

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OC firm buys Redlands apartment complex

An investment firm has purchased a 124-unit apartment complex in Redlands for $46.2 million. Irvine-based SB Real Estate Partners, which specializes in multifamily properties, bought ReNew Redlands and immediately renamed it Portola Redlands, according to a statement released this week. The seller’s name was not disclosed. SB Real Estate plans …

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