Advertise, Promote, Attend, Create – Work with Connect.
A full service marketing and PR agency.
Meet the team behind the machine and taste a little of the secret sauce.

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  + Inland Empire  + Apartments  | 

Ontario Town Square Trades for $38M

To learn more about issues such as the one detailed below, check out the Connect Inland Empire conference on Sept. 10 at Victoria Gardens in Rancho Cucamonga.

Ontario Town Square Townhomes, a collection of 140 condos in the aforementioned city, has traded hands for $38 million. MG Properties Group was the buyer, and Artemis Real Estate Partners was the seller.

CBRE’s Ray Eldridge and Paul Runkle represented Artemis. Capitol One financed the transaction.

The asset, in Downtown Ontario, was built in 2009 and features a pool, spa and lounge. Its luxury units average 1,500 square feet.

Runkle pointed out that the multifamily market in the Inland Empire is very strong. He said that there are 50,000 jobs created in the region per year and less than 2,000 apartment deliveries annually, making it attractive for rent growth.

Connect

Inside The Story

Connect With CBRE's Runkle

About Connect CRE

  • ◦Sale/Acquisition
NewPoint-12-cube
Money360-28-cube
Chase-19-cubeAdvertisement
AshcroftCapital-07-cube