(LaFonzo Carter/ Staff Photographer) Aviation conference opens at convention center Ontario Convention Center is hosting the 2022 SMART Airports & Regions Conference. The sales documents, provided by the commercial real estate data company Vizzda, show Greenlaw bought the 121,390-square-foot building on 6 acres at 7350 San Gorgonio Drive on June 23. Greenlaw Partners in Irvine has bought a 5-year-old industrial warehouse in Riverside for $100 million. Riverside warehouse sells for $100 million Also in Ontario and just 3.5 miles west of Citrine Hills, the ReNew Mills apartment complex also sold in June for $45.6 million, according to CBRE. Other recent deals included the Foothill Ridge Apartment Homes complex, a sprawling, 29-building complex in Upland, which sold on June 14 for $82 million. In early June, Waterton Residential paid $310 million for the 736-unit Terracina apartment complex, now called Citrine Hills. In recent weeks, a number of apartment communities have fetched top dollar from investors.Ī week ago we learned the 272-unit Camino Real Apartments in Rancho Cucamonga had traded owners for $123 million or $425,205 per unit. The buyer was Interwest Capital Corp., according to Vizzda. The 142-unit complex in 119,650 square feet has nine two-story buildings built in 1990 on 8.78 acres. You can go from block to block and there's another grocery store, so the competition will just naturally force prices to go back down.Veranda Ontario, an apartment complex in Ontario, has sold for $27 million. And they also feel like there's so much competition, especially here in Southern California. “Labor issues are starting to get resolved. Everybody's suffering on this.”īut there’s one bright spot: Martin says industry analysts predict prices will drop again. So they are absorbing some of the higher prices that we're seeing, and they're trying to be judicious about how much to pass on to us. What the grocery chains are paying to get those is even higher. “If you look at the cost of all our produce and all our groceries, and then take into consideration gasoline prices - the transportation of these groceries to our grocery stores really increased. That’s due to the rising cost of transporting groceries. Traditionally, grocery shopping is routine-based, but people are starting to change their buying habits, whether opting for the store brand or driving the extra mile to a big sale, Martin points out.Īnd while consumers are paying extra, grocery stores are not benefiting from higher price tags, he says. So they're making decisions on a regular basis of where to keep the prices low and where to let the prices go up.” Other things that the shoppers buy every once in a while, they could allow those prices to increase. “They will keep prices low on a certain group of items that they know their shoppers want to buy on an everyday basis. Martin says the price disparity is due to independent decisions each chain makes. and Ralphs - were among the cheapest and most expensive stores, respectively. Interestingly enough, two Kroger-owned stores - Stater Bros. In the middle of the pack was Whole Foods, which is often considered very costly. The 15 items cost $48.88 at Trader Joe’s, which was the least expensive store, versus $79.65 at Sprouts, the most expensive store, according to Martin. A loaf of bread was between $1.49 to $3.99, while coffee was $5.70 to $15.99.

Martin found that prices of common goods dramatically varied, depending on the store. Then, he and a team of reporters visited 10 of the most popular stores, such as Ralphs, Stater Bros., Whole Foods, Vons, and Trader Joe’s.

Los Angeles Times staff writer Hugo Martin recently visited major supermarkets across the city to find out where you can spend less.įirst, Martin created a list of 15 common items people buy at the grocery store, including bread, bananas, avocados, coffee, and potato chips. Record inflation is hitting consumer pocketbooks hard, and in Southern California, basic groceries are nearly 11% more expensive than last year, according to the Bureau of Labor Statistics.

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