IE Business Daily Business news for the Inland Empire.
Five recently constructed retail buildings at Eastvale Marketplace, a grocery-anchored shopping center, have been sold. All five structures are approximately 57,000 square feet each, with one home to a Smart & Final Extra, according to a statement released by Hanley Investment Real Estate Advisors, a division of Hanley Investment Group, …
Read More »Riverside apartment complex sells for $2.3 million
A 15-unit apartment complex in Riverside has sold for $2.3 million. The Lakritz Family Partnership LP in Orange bought the Kansas Apartments, 3332 Kansas Ave., from a private investor, CBRE said. That investor, whose name was not released, owns multiple properties in the area. The building is in the center …
Read More »Home prices keep rising
Home prices rose four percent in December compared with one year earlier, as housing prices continue to rise in virtually every part of the country, according to data. “Moderately priced homes are in high demand and short supply, pushing up values and eroding affordability for first-time buyers,” Frank Nothaft, CoreLogic’s …
Read More »Inland Empire tops the list of largest U.S. warehouse deals
The closest market is 10 million square feet behind Riverside and San Bernardino counties, according to a report. The Inland Empire was the heavyweight champion of large warehouse-distribution center lease deals in 2019. Twenty one of the 100 largest industrial transactions in the United States last year happened in Riverside …
Read More »Temecula retail properties carry multi-million dollar price tag
A pair of retail centers in Temecula have sold for a combined $26.1 million. Bel Villagio I-II and Bel Villagio III, a mix of restaurants, “daily use” goods and other retail, has been sold to Poincare Group LLC, according to a statement. The seller was Pathfinder Partners, a private real …
Read More »Model home display scheduled
A display of model homes will be held Saturday at Nova, a neighborhood to be built in southeast Rancho Cucamonga. Nova, which is being developed by The New Home Company, will consist of 135 three-story townhomes and single-stacked flats, according to a statement. It will be part of The Resort, …
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