Work begins on 50 new affordable homes in Ontario – Press Enterprise

Construction has begun on a 50-unit affordable housing complex in Ontario.

R.D. Olson Construction has put equipment to the ground for Emporia Housing, which should be finished by mid-summer 2024.

The $17.8 million, 60,000-square-foot project at 310 W. Emporia is the second phase of the development, with the first already completed.

“This is R.D. Olson’s fifth affordable housing project with developer Related California, and we are happy to bring this second phase of the property to life,” said Bill Wilhelm, president of R.D. Olson. “Related California has a long-standing track record of successful developments and are great partners in our work building affordable housing to improve communities.”

The new buildings will be two- and three-stories tall, with homes in various layouts including six one-bedroom units, 29 two-bedroom units and 15three-bedroom units, Olson Construction said.

Amenities include a children’s playground, outdoor pool and community center.

Jackson Apartments, a 41-unit apartment complex in Rialto sold for $6.8 million to an unidentified investor who owns several multifamily buildings in the area, CBRE said. (Courtesy of CBRE)
Jackson Apartments, a 41-unit apartment complex in Rialto sold for $6.8 million to an unidentified investor who owns several multifamily buildings in the area, CBRE said. (Courtesy of CBRE)

Jackson Apartments in Rialto sell for $6.8M

Jackson Apartments, a 41-unit apartment complex in Rialto sold for $6.8 million to an unidentified investor who owns several multifamily buildings in the area, according to CBRE.

CBRE’s Cray A. Carlson represented both the buyer and seller.

“The property generated significant interest from both local and national investors and was sold within a month to an all-cash buyer, which reflects the growing demand for multifamily housing in the San Bernardino region,” said Carlson. “The Inland Empire multifamily market remains one of the strongest in California, with most properties selling quickly due to high buyer demand and low inventory.”

The 51-year-old apartments at 205-242 W. Jackson St. sit on four separate parcels and include one, two, and three-bedroom floor plans.

Everytable, a grab-and-go food service, is the final tenant to lease space at the soon-to-open shopping center, Rialto Village. (Courtesy of NewMark Merrill Companies)
Everytable, a grab-and-go food service, is the final tenant to lease space at the soon-to-open shopping center, Rialto Village. (Courtesy of NewMark Merrill Companies)

Rialto Village lands final tenant in pre-lease

Everytable, a grab-and-go food service, is the final tenant to lease space at the soon-to-open shopping center, Rialto Village.

NewMark Merrill Cos. broke ground on the 96,000-square-foot center in Rialto just last August.

The retail center is anchored by Sprouts, Burlington, Ulta and Five Below. Other tenants include Mattress Firm, Arrowhead Credit Union, Quick Quack Car Wash, and In-N-Out Burger. Leases also include Cold Stone Creamery, The Joint, Nekter Juice Bar, Coffee Bean & Tea Leaf and West Coast Dental.

“Rialto Village’s strong fundamentals have attracted high-quality tenants that will expand the retail options to an underserved community, signaling the project’s long-term growth amid a challenging macroeconomic environment,” said Walter Pagel, a senior vice president at CBRE, which worked with NewMark Merrill’s Greg Giacopuzzi on leasing the center.

CBRE said the retail market in the Inland Empire remains “resilient despite inflation and macroeconomic headwinds.”

There are more than 1.2 million square feet under construction in the Inland Empire, across eight projects in the first quarter of 2023, the brokerage said. Vacancy was 6.39% in the early part of 2023, down from 6.5% from late 2022.

A new construction, single-tenant property occupied by Fast5Xpress Car Wash in Ontario sold for $3.5 million. (Courtesy of Hanley Investment Group)
A new construction, single-tenant property occupied by Fast5Xpress Car Wash in Ontario sold for $3.5 million. (Courtesy of Hanley Investment Group)

New Fast5Xpress Car Wash sells in Ontario for $3.5M

A new construction, single-tenant property occupied by Fast5Xpress Car Wash in Ontario sold for $3.5 million, according to Vizzda, a commercial property data provider.

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