Real Estate

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 …

 A  257,260-square-foot warehouse-distribution facility is under construction at the Meridian Business Park in Riverside. The structure, which is being developed on 13.5 acres near Interstate 215, is expected to be finished during the second quarter, according to a statement released by Reno-based Dermody Properties, the project’s developer. Dermody will own …