A large apartment complex in Menifee was sold for $ 156 million or $ 472,727 per unit, according to MBK Realty.

Artesa at the Menifee Towne Center, which debuted in February 2020, has 330 units and has been sold to MG Properties Group in San Diego.

MBK Realty said the resort sees an average of 40 leases signed each month. Rents range from $ 2,466 to $ 3,073, according to Apartments.com.

Artesa offers a mix of 37 two- and three-story elevator-less buildings with eight open-plan floor plans. One, two and three bedroom residences range from 820 to 1,322 square feet.

“The Inland Empire has some of the strongest apartment fundamentals in the country, and we are delighted to add to our substantial portfolio there,” said Mark Gleiberman, CEO and Founder of MG Properties. “We are delighted to complete another transaction with the MBK team and believe their well-designed, high-quality product will be well received by residents. “

The acquisition of Artesa is MG Properties Group’s 11th property in the Inland Empire.

Rachel Parsons and Derrek Ostrzyzek of Berkadia negotiated the sale on behalf of MBK Rental Living.

A 4,086-square-foot Raising Cane’s Chicken Fingers property in San Bernardino has sold for a record $ 8.2 million, according to data from CoStar. The deal was negotiated by SRS Real Estate Partners, which represented the seller-developer, a subsidiary of Red Mountain Group in Orange County. (Courtesy of SRS Real Estate Partners)

Raising Cane property sells for $ 8.2 million

A 4,086-square-foot Raising Cane’s Chicken Fingers property in San Bernardino has sold for a record $ 8.2 million, according to data from CoStar.

The deal was negotiated by SRS Real Estate Partners, which represented the seller-developer, a subsidiary of Red Mountain Group in Orange County.

The Raising Cane’s located at 1857 S. Tippecanoe Ave. spans 1.24 acres and features drive-thru. The fast food restaurant still has 11 years on its lease, SRS said.

The buyer was identified as a “wealthy private investor in San Diego” who paid everything in cash and was represented by Jim Casale of Lee & Associates.

In September 2020, SRS also negotiated the sale for $ 6.8 million of a Raising Cane property at 40390 Margarita Road in Temecula.

Fantasy Springs Resort Casino in Indio is seeking to fill up to 80 positions. The casino will host a hiring fair from 2 p.m. to 6 p.m. on Thursday, November 11 in its special events center. (Courtesy of Fantasy Springs Resort Casino)

Indio Casino hiring event is November 11

Fantasy Springs Resort Casino in Indio is seeking to fill up to 80 positions.

The casino will host a hiring fair from 2 p.m. to 6 p.m. on Thursday, November 11 in its special events center.

Managers will be available to interview candidates for positions such as cashiers, cage cashier, senior banker, table game dealers and floor supervisors, restaurant waiter, sous chef, the restaurant manager, the baker and the cook.

Applicants can view all vacancies at fantasyspringsresort.com/employment.

Global grants available in Murrieta

Community Development Block Grants are available to nonprofit organizations in Murrieta.

The city has made $ 88,500 available for nonprofits and is accepting applications.

The money can be used for projects and programs of non-profit organizations that improve neighborhoods and stimulate economic development. CDBG funds must be used between July 1, 2022 and June 30, 2023.

For more details on the application process and the activities deemed eligible, visit murrietaca.gov/350/Community-Development-Block-Grant or contact Louie Lacasella, Assistant to the City Manager, at 951-461-6008 or by email to llacasella @ MurrietaCA.gov

The grocery store needs workers

UNFI, a grocery distributor, will host a 10 a.m. to 2 p.m. career fair on Tuesday, November 9 at the Riverside Distribution Center.

The company is looking to fill 150 vacant positions. Starting pay starts at $ 21 an hour.

UNFI offers the usual perks, but also offers a few unique opportunities, including an option for employees to access their payroll when they need it, outside of typical payroll hours. Working parents can also use the Bright Horizons child care service to help with emergency child care.

Address: 14900 Meridian Parkway, Riverside

A Starbucks property in Ontario was sold for $ 4.7 million, according to Avison Young, who negotiated the deal. The buyer of the 2,430 square foot property at 511 N. Euclid Ave. was purchased by Truman Johnson Inc. (Courtesy of Avison Young)

SBUX property sold for $ 4.7 million

A Starbucks property in Ontario was sold for $ 4.7 million, according to Avison Young, who negotiated the deal.

The buyer of the 2,430 square foot property at 511 N. Euclid Ave. was purchased by Truman Johnson Inc. The unidentified vendor was represented by JLL.

The Starbucks is brand new and was completed earlier this year.

“Our buying client was delighted to acquire this newly built Starbucks property in a premier commercial corridor of the Inland Empire,” said Chris Maling of Avison Young. “This property offers a 10 year triple net lease with scheduled rent increases and minimum landlord responsibilities.

Annual cancer walk brings in $ 1.2 million

The annual (and virtual) Believe Walk, co-founded by Annie Sellas, Cathy Stockton and the late Nancy Varner with Stater Bros. Charities, raised $ 1.2 million to support the fight against cancer.

Stater Bros. said its employees raised $ 900,000 through a chain-wide in-store campaign and online fundraiser.

Proceeds will be used to fund programs and services of local organizations to help with cancer care.

Grant recipients include the Beloved Foundation, Desert Cancer Foundation, Loma Linda University Cancer Center, Michelle’s Place Cancer Resource Center, Redlands Community Hospital, Riverside University Health System Foundation, St. Bernardine Medical Center, The Care Project and The Pink Ribbon Place at Riverside. Foundation for Community Health.

To date, the Grocery Foundation and its partners have raised $ 6.1 million for local programs and services to help cancer patients and their families.

Box maker New-Indy in Ontario won a 2021 American Forest & Paper Association Sustainability Award. The company received the Leadership in Sustainability ?? Recovery of paper for recycling. (iStockphoto)

Price for New-Indy

Box maker New-Indy in Ontario won a 2021 American Forest & Paper Association Sustainability Award. The company received the Leadership in Sustainability – Paper Recovery for Recycling award.

According to the AFPA, New-Indy has improved its repulping systems at its plant by adding more screening and “slagging” capacity. The new equipment meant higher fiber yield and the ability to consume blended paper in all products “without sacrificing quality”.

In addition to the raw material cost savings, New-Indy’s waste stream has also been reduced. The new fiber recovery system has reduced waste leaving the plant by 5,500 tonnes. In addition, 10,000 tonnes of blended paper with no outlet was processed by the mill and diverted from the landfill.

Business briefs are compiled and edited by business editor Samantha Gowen. Submit articles to [email protected] High resolution images can also be submitted. Allow at least a week for publication. Elements are edited for length and clarity.


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