AZUSA San Diego-based Sentre has purchased Azusa Center, a two-building industrial property located at 301 and 411 N. Aerojet Drive in Azusa. Mortech Manufacturing sold the asset for $12.5 million in an off-market, sale-leaseback transaction. Mortech occupies the 75,081-square-foot facility and, upon closing of the sale, the company executed a new 10-year lease for the […]
May 2021 – Cities Report
CALIFORNIA The U.S. Census Bureau has released their population data, and the numbers are in on which states will lose and which states will gain Congressional seats. California’s population is tallied at 39,538,223, a gain of 2,284,267 people over the last decade. This gives us 52 House seats, a loss of one Congressional seat, the […]
Cities Report March-April ’21
AZUSA The city of Azusa has begun a one-year effort to develop its first Pedestrian Master Plan. Azusa Walks will provide an overview of the pedestrian travel network in the city, identify barriers, and provide options to improve conditions that will encourage walking such as sidewalks and crosswalk improvements. The project team will develop the […]
Cities Report – March 2021
REGION With the housing crisis worsening, Los Angeles County is considering a move to convert some struggling commercial properties into affordable housing. The board of supervisors voted in late February to explore options for commercial conversions, with an eye on distressed properties, Commercial Observer reported. The motion directed county staff to gather a list of […]
Cities Report Jan.-Feb. ’21
REGION As vaccination programs expand, another large-scale COVID-19 vaccination site opened in the region in February, as the result of a partnership among various health organizations aiming to provide vaccines to particularly vulnerable residents, beginning with those age 75 and over. The site at Cal Poly Pomona is one of two in the consortium established […]
Dec. 2020 – Cities Report
ELECTIONS – Local cities Compiled by Bill Ruh CVAR Government Affairs Director With the elections now certified, I will include the names of the local winners below in each city that held elections. With only a few exceptions, CVAR knew the winners in each of our cities. We encourage REALTOR® members to contact the winners […]
Nov. 2020 – Cities Report
Election Results: Propositions Proposition 19, the CAR-backed initiative to enact property tax portability has passed. The measure was heavily supported by REALTORS® along with 15 million voters in California. Prop 19 provides needed housing and tax relief for seniors and wildfire victims while generating much needed revenue for schools and local governments. Proposition 15, the […]
Cities Report – October 2020
AZUSA The Citrus Community College District Board of Trustees unanimously voted to appoint Anthony Contreras, Ed.D., as the provisional trustee for Area 1 at its Oct. 6 board meeting. Trustee Area 1 includes Azusa and portions of Duarte. Dr. Contreras assumes the seat of Dr. Barbara R. Dickerson, who resigned on Sept. 14. Contreras’ term […]
Residential Towers in Montclair Place Plan a Blueprint for Future?
The Montclair City Council approved a plan to transform Montclair Place into a 104-acre mixed-use district encompassing roughly 5 million square feet of residential space that would create a new downtown for Montclair. The plan includes up to 6,312 units of apartments, homes and high-rise condos, with residential towers rising as tall as 20 stories. […]
Cities Report & Propositions August-September 2020
California Propositions – Here are the propositions related to real property that will be on the ballot. Proposition 15: Increase commercial property taxes for education funding Summary: Amends the constitution to allow commercial and industrial properties to be taxed at their market value rather than their purchase price. There are exceptions for properties zoned as commercial agriculture […]