Real Estate

A San Francisco-based developer will build an 855,330-square-foot warehouse-distribution facility in Perris. Perris Gateway, will be at the southeast corner of Ramona Expressway and Nevada Road next to Interstate 215, according to DECA, the project’s developer. The project’s first phase, approximately 27,000 square feet of retail space, began construction in …

A 260,000-square-foot warehouse-distribution center in Perris has been completed. The Patterson Distribution Center is located on 14 acres at Patterson Avenue and Nance Street near Interstate 215, according to Rockefeller Group, the project’s developer. Lee & Associates will market the property, which includes 145 parking spaces, 59 truck- trailer stalls and …

Five retail parcels in Riverside have been sold for $20.7 million. The properties cover nearly 26,000 square feet at Citrus Landing, a recently remodeled 125,000-square-foot neighborhood shopping center, according to Hanley Investment Group in Corona Del Mar. The properties are at Van Buren Boulevard and Arlington Avenue and are occupied …

Sixteen percent of California households could afford a median-priced single-family home – $880,250 – during the quarter that ended Sept. 30, according to the California Association of Realtors. That was up from 14 percent during the second quarter and up 15 percent in the third quarter of 2023, the Los …

A four-building industrial portfolio that covers three Inland Empire cities has been sold for $201 million. Boston-based Cabot Properties bought each of the structures, which combined cover 669,000 square feet, from a private seller whose name was not released, according to a statement. All four buildings are fully occupied. Combined, …

The Inland Empire multifamily market had a 95.2 percent occupancy rate at the end of the third quarter, a slight increase – 0.5 percent – from the second quarter, according to CBRE. One thousand one hundred and thirty-six multifamily units were absorbed in Riverside and San Bernardino counties during the quarter …