Real Estate

A Mira Loma-based manufacturer and distributor of high-end food products is expanding. Magnolia Foods has leased a 120,576-square-foot industrial building at 1450 Alder Ave. in Rialto, which is part of a new business park that is within the Renaissance project, according to Voit Real Estate Services, which helped negotiate the …

A freestanding ARCO gas station that includes a 2,500-square-foot ampm Store in Hesperia has been sold. The business, at 16815 Main St. sold for $4.6 million, according to a statement released by Progressive Real Estate Partners in Rancho Cucamonga. Progressive Real Estate represented the buyer and the seller in the …

Stream Realty Partners, a national real estate development, services and investment firm, will build its first Inland Empire project. The company will develop a 160,000-square-foot industrial building in Fontana for Cabot Properties, a private equity real estate investment firm in Boston, according to a statement. The project will be developed …

The Southern California housing market is officially off to a weak start in 2019. Sales of single-family houses and condominiums totaled 12,665 in January, a  drop of 17.1 percent compared with January 2018, CoreLogic in Irvine reported. That was the lowest number of houses sold in January since 2008, when …

The Inland Empire recorded 20 of the largest industrial leases signed in the United States last year, the most of any submarket, according to CBRE. Pennsylvania’s Interstate 78-Interstate 81 corridor, Dallas-Ft. Worth, Atlanta and Chicago completed the top five markets with mega industrial leases, CBRE stated in a report it …

CBRE has negotiated the sale of a 40,000-square-foot retail space in Moreno Valley occupied  by Jerome’s Furniture. The property, at 12500 Day St., was purchased by an undisclosed investor from Northern California for $7.3 million, according to a statement. The site is at a 60 Freeway offramp near the Moreno …