Hemet
Hemet, CA · Real Estate
iecn.com
Long-Vacant San Bernardino Property Moves Toward 17-Acre Commercial Development
The City of San Bernardino is taking a step toward transforming one of its largest City-owned vacant properties into a new commercial economic development. At its Aug. 19 meeting, the Mayor and City Council selected Upland based Panorama Development as the City’s preferred developer for the approximately 17.61-acre Arden Guthrie site, located near the intersection of Highland Avenue and the Interstate 210 Freeway and bounded by 20th Street, Arden Avenue and Guthrie Street.
midvalleynews.com
Housing Construction Slows As Financing Costs Rise
SAN GABRIEL VALLEY — Housing construction slows as California continues pushing for more homes, highlighting the financial pressures facing builders and housing developers. Private residential construction spending fell 1.3% in July from the previous month, according to the U.S. Census Bureau. Residential spending reached a seasonally adjusted annual rate of $859 billion.
Voice of OC
Anaheim Launches Program to Report Illegal Rent Hikes & Evictions
Anaheim officials are rolling out a pilot program and webpage next month for tenants to report illegal rent hikes and no-fault evictions after years of calls for the city to become the second in Orange County to implement a rent control law. The intake program is aimed primarily to get...
iecn.com
213-Acre Bloomington Business Park Approved After Supervisors Add Housing, Data Center Restrictions
Despite pleas from advocates and residents, the San Bernardino County Board of Supervisors approved the Bloomington Business Park Specific Plan Sept. 22. The move clears the way for a large 213-acre industrial development that could bring more than 3.2 million square feet of warehouse, manufacturing, office and business park use to the unincorporated community.
hotelnewsresource.com
Marcus & Millichap Arranges $4.56 Million Financing for A Place in the Sun Hotel Boutique Hotel Acquisition in Palm Springs, California
In Brief: Marcus & Millichap has arranged $4.56 million in financing for the acquisition of a boutique hotel in Palm Springs, California, highlighting continued lender support for independent hotel transactions in prominent leisure markets. Marcus & Millichap Capital Corporation (MMCC) arranged $4,566,000 in financing for the acquisition of A Place...
Fontana Herald News
Fontana amends Southridge special tax
The Fontana City Council voted 4-1 to amend the special-tax structure for a 255-home KB Home development in Southridge, bringing nine model homes into the community facilities district’s (CFD) tax base. Senior Accountant Fabiola Palacios explained that while the change that would be made is “narrow,” the process involves multiple steps — including calling and conducting a special election, certifying the results and adopting a resolution to formally determine the change is legally authorized. “The sole purpose of the amendment.
connectcre.com
Gantry Arranges Life Company Loan on Temecula Offices
Gantry has secured a $9-million life company loan to retire a CMBS loan on Vail Ranch Town Square, a low-rise suburban office building located at 32605 Temecula Pkwy. in Temecula. Principal Tony Kaufmann and associates Toby Judge and Jake Davis with the firm’s San Francisco production office represented the borrower, a private real estate investor in Southern California.
citywatchla.com
The Ellis Act: Protecting Landlords, Losing Affordable Housing
HOUSING UNAFFORDABLE - The Ellis Act is a California state law passed in 1985 that gives landlords the legal right to evict tenants and “go out of the rental business.” The law was originally enacted to prevent local municipalities from forcing small property owners to remain landlords against their will, thus intending to protect small “mom-and-pop” property owners.