Oliva at Siena in French Valley is open for sales, according to homebuilder Taylor Morrison. When completed, the community will have 157 townhomes. Oliva is the fourth and final community opening within Taylor Morrison’s master plan Siena. “With so much growth in French Valley and nearby Temecula in recent years, Siena provides an incredible location with access to outdoor activities and top-ranked schools along with thoughtfully designed new construction townhomes and fun amenities,” said Lisa Fjelstad, Taylor Morrison’s Southern California division president. Oliva at Siena in French Valley is open for sales, according to homebuilder Taylor Morrison. When completed next spring, the community will have 157 townhomes that will come with three to four bedrooms, 2.5 baths and two-car-garages.(Rendering courtesy of Taylor Morrison) Oliva at Siena in French Valley is open for sales, according to homebuilder Taylor Morrison. The townhomes will be priced from the mid-$400,000s and come with three to four bedrooms, 2.5 baths and two-car-garages. (Rendering courtesy of Taylor Morrison) Oliva at Siena in French Valley is open for sales, according to homebuilder Taylor Morrison. When completed next spring, the community will have 157 townhomes that will come in four, two-story floor plans starting from the mid-$400,000s with 1,497 to 1,843 square feet. (Rendering courtesy of Taylor Morrison) Oliva at Siena in French Valley is open for sales, according to homebuilder Taylor Morrison. When completed next spring, the community will have 157 townhomes. (Photo courtesy of Taylor Morrison) Show Caption1 of 4Oliva at Siena in French Valley is open for sales, according to homebuilder Taylor Morrison. When completed next spring, the community will have 157 townhomes that will come with three to four bedrooms, 2.5 baths and two-car-garages.(Rendering courtesy of Taylor Morrison) Expand The townhomes will come in four, two-story floor plans starting from the mid-$400,000s with 1,497-1,843 square feet. Homes will come with three to four bedrooms, 2.5 baths and two-car-garages. Additional features include a tech space, second floor laundry room, a loft and walk-in pantry. Taylor Morrison’s Siena master plan also has three other communities for sale, including Azul, Rosa and Viola. Oliva homes are expected to open in May next year. Trumark Homes will build 153 homes on extra-large lots in the Canyon Ranch community, which spans Loma Linda and Redlands. The Newport Beach-based builder said work on the community would begin by year’s end. (Photo courtesy of Trumark Homes) 153 homes coming to Canyon Ranch Trumark Homes will build 153 homes on extra-large lots in the Canyon Ranch community, which spans Loma Linda and Redlands. The company said it recently closed escrow on the land south of Barton Road and west of San Timoteo Canyon Road. Trumark Homes at Canyon Ranch will range in size from 2,100 square feet to 4,000 square feet. A bulk of the new homes, or 116, will sit on lots of 20,000 square feet or more. Another neighborhood will include 37 homes on lots with a minimum size of 7,200 square feet. “The expansive estate lots of Canyon Ranch provide a distinct opportunity to develop premium outdoor spaces, including pools and backyard amenities, while ensuring privacy for residents,” said Richard Douglass, Southern California division president at Trumark. The Newport Beach-based builder said work on the community would begin by year’s end. The five-building Ramona Oaks Apartments property in Riverside has changed owners, selling for $10.15 million. AB Ramona Oaks sold the 44-unit complex at 3401 Ramona Drive sold to WeJ&J LLC. (Photo courtesy of CBRE) Riverside apartment complex fetches $10 million The five-building Ramona Oaks Apartments in Riverside has changed owners, selling for $10.15 million. AB Ramona Oaks sold the 44-unit complex at 3401 Ramona Drive sold to WeJ&J LLC, according to CBRE. CBRE’s Eric Chen, Kevin Sin and Blake Torgerson represented both the buyer, WeJ&J LLC, and the seller, AB Ramona Oaks, in the transaction. “This is a rare multifamily transaction where a buyer assumes a 40% loan-to-value loan with a 60% down payment,” said CBRE’s Eric Chen, an executive vice president at the brokerage. “The buyer took advantage of a 3.35% interest-only assumption through 2027 while capturing the 40% upside in rents as a value-add opportunity. This transaction speaks volumes on Riverside’s strong rental demand and scarcity of these opportunities. This is also the third multifamily transaction done by our team for the same seller this year.” Built in 1972, Ramona Oaks includes a mix of one- and two-bedroom floorplans with an electric-equipped kitchen, wood plank and carpet flooring, private patios or balconies and air conditioning. Amenities include a swimming pool, on-site laundry facilities and covered parking. CBRE noted that total multifamily investment sales in the Inland Empire nearly doubled in the year’s second quarter, with $457 million sold, up from $231.2 million in 2024’s first quarter. Murrieta Valley Unified School District and Erickson-Hall Construction Co. celebrated on Sept. 4 the completion of a $12.5 million classroom expansion project at Murrieta Elementary School. (Photo courtesy of Erickson-Hall Construction Co.) Elementary school expansion complete in Murrieta Murrieta Valley Unified School District celebrated on Sept. 4 the completion of a classroom expansion project at Murrieta Elementary School. The $12.5 million project was 85% funded by Measure BB and the remainder by District Facilities funds. Erickson-Hall Construction Co. joined school leaders and community members for a ribbon cutting. “We are thrilled to complete the Murrieta Elementary School new building. These new classrooms provide an exceptional learning environment for all,” said Dr. Ward Andrus, Superintendent of Murrieta Valley Unified School District. “We are especially appreciative of Erickson-Hall’s efforts to help us preserve our district’s history by safely transferring and installing the original school bell from 1885 in the new building.” Erickson-Hall launched the project in February 2023. It included multiple phases, including the construction of the two-story classroom building as well as a new parking lot and playground, elevating the school’s infrastructure to better serve the community. Ontario International Airport will replace 22 external heating, cooling and dehumidifying devices with help from the Federal Aviation Administration. The airport is on the receiving end of a $2.5 million Voluntary Airport Low-Emission grant that will help it lower its carbon footprint. (Photo courtesy of Ontario International Airport) ONT awarded $2.5M grant to replace heating/cooling units Ontario International Airport will replace 22 external heating, cooling and dehumidifying devices with help from the Federal Aviation Administration. The airport is on the receiving end of a $2.5 million Voluntary Airport Low-Emission grant that will help it lower its carbon footprint. Officials at the airport noted the grant came just two weeks after it received $4 million in FAA funding to rehabilitate its runway. “The VALE Program funding will allow us to replace older PCA units with state-of-the-art, high energy-efficient models that reduce emissions and improve air quality,” said Alan D. Wapner, president of the ONT’s Board of Commissioners. The business briefs are compiled and edited by Business Editor Samantha Gowen. Submit items to [email protected]. High-resolution images also can be submitted. Allow at least one week for publication. Items are edited for length and clarity.