Real Estate

Construction is expected to begin next month on the initial part of a commercial and retail development in Perris. The Commons at Perris, which broke ground Aug. 10, will first feature a Chevron station with a mini-mart and automated car wash, according to a statement on the city’s website. The …

Renaissance Marketplace, the 430,000-square-foot shopping and entertainment center under development in Rialto, has its first six tenants. A 13-screen Cinemark Theatre with an Extreme Digital Cinema auditorium, 24 Hour Fitness, Five Below, Starbucks, Panda Express and 7-11 have opened there recently, according to the project’s developer, Lewis Retail Centers in …

The Riverside City Council on Tuesday agreed to sell a vacant building near UC Riverside to a developer who will convert the structure into a major retail project. Bailey California Properties LLC will buy the The Farm House Motel for $210,000, according to a statement on the city’s website. The …

A mixed-use residential project is scheduled to open Thursday in downtown Riverside. Imperial Hardware Lofts covers 8,000 square feet at 3750 Main St., about one block from the Mission Inn & Spa, according to a statement. The project, which broke ground in late 2016, has one floor of retail topped …

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 …

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 …