Friday , April 26 2024
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Real Estate

Office complex sells for $14.3 million

A two-building office complex in Murrieta next to Highway 79 has been sold. Silverhawk Corporate Center at Winchester and Murrieta Hot Springs Road sold for $14.3 million, according to a statement released by CBRE. The seller was Silverhawk Partners, an investment group represented by CBRE during the sale negotiations. The …

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Inland Empire retail should be more of the same in 2019

With the economy strong and people spending, the local retail market should be strong, but probably not spectacular, next year. If its third quarter performance is any indication, the Inland Empire’s retail market will be strong as it enters 2019. Net absorption in July, August and September was more than …

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Menifee strip mall sold

A strip mall in Menifee has been sold to a private investor. The Shops at Town Center Marketplace, located at 30029-30067 Haun Road, changed hands for $9.4 million, according to a statement released by CBRE. Buyer and seller were both represented by CBRE. Neither party’s name was released. The project, …

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OC company shifting to Chino Hills

Industrial Market Stays Hot

A Brea company that makes consumer networking products is moving to Chino Hills. TP-Link USA Corp., a worldwide provider of routers, range extenders, switches network adapters and other products, has bought the Chino Hills Commerce Center for $15.9 million, according to a statement released by Newcastle Partners Inc. in San …

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Building occupied by health club sells

A 37,000-square-foot building in Temecula occupied by LA Fitness has been sold. The structure, at 29920 Temecula Parkway, sold for $13 million to a family trust in Los Angeles whose identity was not disclosed, according to a statement released by Hanley Investment Group Real Estate Advisors in Corona Del Mar. …

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Walmart property in Palm Desert sold

Walmart

A retail property in Pam Desert occupied by a Walmart Neighborhood Market has been sold. The site at 72314 Highway 111 sold for $13.5 million to a Chicago investor whose name was not released, according to a statement released by Newmark Knight Frank. Paragon Commercial Group, a retail development firm …

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