Thursday , March 28 2024
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Real Estate

Redlands apartment sells for just under $45 million

A 198-unit apartment complex in Redlands has been sold for nearly $45 million. Citrus Grove Apartment Homes consists of 24 buildings that cover 169,000 square feet on 11.7 acres, according to a statement. The project, next to the University of Redlands at 1230 E. Lugonia Ave., sits on 11.7 acres. …

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National, local mortgage rates remain flat

Three point seven percent of all mortgages in the United States were in some state of delinquency in August, including foreclosures, a modest year-over-year decline, according to data released Tuesday. The foreclosure inventory rate – which measures the number of mortgages in some phase of foreclosure – was 0.4 percent, …

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New Rialto shopping center changes hands

A neighborhood shopping center in Rialto with two tenants has been sold. The property, at 630-660 W. Foothill Blvd., sold for $8.7 million, according to a statement. Built last year, the property’s two tenants are ALDI grocery and WSS, formerly known as Warehouse Shoe Sale. Combined, the two retailers cover …

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Industrial building sells for $28 million

A fully-occupied industrial building in Temecula has been sold for $28 million. The 224,350-square-foot structure at 41995 Zevo Drive was purchased by Karney Properties in Santa Monica, according to a statement released by Avison Young, which negotiated the transaction. The seller was Zevo Drive Holdings Inc., an owner-operator that has …

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Dollar Tree to open Fontana store

Dollar Tree, the discount store that sells everything for $1 or less, has leased space in Fontana. The retail chain has agreed to occupy 12,430 square feet in the Morningside Marketplace shopping center, 14574 Baseline Ave., according to a statement. Progressive Real Estate Partners in Rancho Cucamonga marketed the property …

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Report: Inland retail market less than spectacular in third quarter

Inland retail shows growth

The Inland Empire retail market was somewhat flat in the third quarter, with vacancy and net absorption experiencing a year-over-year decline, according to a report. Retail vacancy in the two-county region was at 6.8 percent at the end of the third quarter, down from 7.2 percent exactly one year earlier, …

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