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Real Estate

Future 7-11 site changes hands

The future site of a 7-11 convenience store and service station in Fontana has been sold. Hanley Investment Group, a national real estate brokerage firm that specializes in retail properties, arranged the sale for $2.3 million, according to a statement. Hanley Investment represented the seller, The KCS Co. in Costa …

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KB Home to build in Riverside

KB Home has announced Primrose, a single-family home development in Riverside. The Los Angeles-based homebuilder will construct 63 two-story homes in three floor plans, according to a statement. The houses will have up to five bedrooms and three baths and will range from 1,700 to 2,100 square feet. Prices will …

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High Desert retail building changes hands

A multi-tenant retail building in Apple Valley has been sold. The 15,105-square-foot building at the main entrance to Rancherias Plaza sold for $2.5 million, according a statement released by Progressive Real Estate Partners in Rancho Cucamonga. Progressive Real Estate marketed the property and represented the seller, a private investor in …

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Home prices grow, but at a slower rate

Home prices rise again

Home prices increased 3.7 percent in March year-over-year, according to date released Tuesday. Prices also rose one percent between February and March, but the price growth that has been a hallmark of the nation’s housing market for more than a year is definitely slowing, according to CoreLogic’s monthly home price …

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Rockefeller Group to build DC in Moreno Valley

Warehouse Deal Approved As Property Values Drop.002

Rockefeller Group, a worldwide private real estate developer, will develop a 203,000-square-foot warehouse-distribution facility in Moreno Valley. The New York-based company has purchased 8.7 acres in the Centerpointe Commerce Center and will begin working on the project this fall, according to a statement. Rockefeller Group paid $5.9 million for the …

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SC home prices finally drop

State housing affordability slips

For 83 straight months, median home prices in Southern California have risen year-over-year. No more. That streak ended last month, when the median price of a single-family home or condominium dropped 0.1 percent, from $519,000 to $518,500, according to data released by CoreLogic in Irvine. That was the first year-over-year …

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