Saturday , February 24 2024

Real Estate

SB logistics center sells

A large warehouse-distribution complex in San Bernardino has been sold. The Cajon Distribution Center, which covers 830,750 square feet at 6207 N. Cajon Blvd., was sold to DHL for an undisclosed sum, according to a statement released Monday. Westcore Properties, a commercial real estate investment company in San Diego, was …

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Housing market reaches crisis point

Conference Calls for More Houses, Less Red Tape

Not enough houses are being built, which is causing a drop in supply that is driving up prices and keeping first-time buyers out of the market. That pattern might not go away anytime soon. The price of a single-family home is going up, and just about everyone agrees on the …

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Last lots of mega residential development sold

Inland Empire Retail Properties Sold

The final 83 lots in the first phase of Terramor, a master-planned community being developed in Temescal Valley south of Corona, have been sold. Van Daele Homes bought the lots for an undisclosed sum and will develop upscale homes on those parcels, according to a statement released by Foremost Cos., …

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Lifestyle community gets started

Construction has begun on Altis, a lifestyle community in Beaumont for people 55 years old and older. The project, which is being developed by Pardee Homes Inland Empire, is expected to open its first phase this fall, according to a statement. Altis will consist of 12 model homes, with prices …

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Retail property sells

The site of a Coffee Bean & Tea Leaf restaurant in Rialto has sold for $2.8 million. The property, at 1877 N. Riverside Ave., changed hands for $1,667 per square foot, according to a statement released by Hanley Investment Group Real Estate Advisors in Corona Del Mar. Hanley Investment represented …

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Eastvale industrial project sells

Three fully-leased industrial buildings in Eastvale have been sold. The structures, at 6285-6330 Providence Way, were sold for an undisclosed amount to LBA Realty LLC, a real estate investment and management company in Irvine, according to statement released by CBRE. Orbis Real Estate Partners in Newport Beach and Chase Partners, …

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