Globest Sectors

A joint venture of Skya Ventures Inc. and Gelt Inc. recently sold Marina Dunes RV Resort, a 96-site property located in Monterey County, for $28.5 million to an undisclosed publicly traded REIT.

The developer breaks ground on a 1.2 million square foot industrial facility in Perris, California.

Leasing is underway at Presidium Revelstoke, a three-story, 466,515-square-foot residential community in Alliance Town Center and the development is expected to be fully complete in 2021.

Modway is expanding to Hesperia in San Bernardino County, and more number of industrial users could soon follow.

The increase in deals shows that investors may have more comfort with the economy.

Salto's Colin DePree says the pandemic has fueled the adoption of apartment technologies, like electronic access systems, in class-B and class-C buildings.

The Groves in Whittier has targeted a wide variety of price ranges and has seen strong sales across the board.

Downtown 5th is the largest apartment project ever built in the CBD, the company says.