Tuesday , September 26 2023

Real Estate

Perris retail center sells

A multi-tenant retail center in Perris has been sold. Shops at Ramona Expressway, a 9,800-square-foot project, was sold to a private investor in Monterey Park for $3.5 million, according to Progressive Real Estate Partners in Rancho Cucamonga The seller was a Riverside-based investor who was represented by REeBroker Group. Both …

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Restaurant building sells for $3.5 million

A Fontana building occupied by a Raising Cane’s Chicken Fingers fast-food restaurant has been sold. The single-tenant structure at 16988 S. Highland Avenue sold for $3.5 million, according to Hanley Investment Group Real Estate Advisors in Corona Del Mar. The restaurant sits on approximately one-half acre and is part of …

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Riverside retail building fetches $5.3 million

An 18,000-square-foot freestanding building in Riverside occupied by a Grocery Outlet Bargain Market has been sold for $5.3 million. The year-old property at 3490 Madison St. next to the 91 Freeway, was sold to a Newport Beach physician whose name was not released, according to SRS Real Estate Partners’ National …

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New Corona Class A industrial building sold

CapRock Partners, a California-based industrial real estate investment and development firm, recently announced the completion and sale of Temescal Valley Commerce Center. The 140,000-square-foot Class A industrial building sold to Calif. Brothers International Deserts, Inc., a Southern California-based ice cream manufacturer, for an undisclosed amount. The building sits on 9.42 …

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Single-tenant retail building changes hands

A building that is home to a Baskin Robbins and a Dunkin’ (formerly Dunkin’ Donuts) in the High Desert has been sold. The 2,600-square-foot structure at 2804 Lenwood Road in Barstow sold for $2.6 million, or roughly $1,000 per square foot, Hanley Investment Group Real Estate Advisors announced in a …

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Mortgage delinquencies decline in most markets

Local Foreclosures Keep Dropping

About 4.1 percent of all mortgages nationwide were in some stage of delinquency – including foreclosure – during December, a year-over-year drop of 1.2 percent, according to data released Tuesday. The nation’s foreclosure inventory rate, which measures the share of mortgages in some state of foreclosure, was 0.4 percent in …

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