Real Estate

Circle K, the international convenience store chain, and Chevron will develop projects on parcels they purchased recently in the High Desert. The properties, both of which are next to Interstate 15, sold for a combined $4.8 million, according to a statement released Monday by Progressive Real Estate Partners in Rancho …

A manufacturing-distribution facility in Corona has been sold. Alere Property Group LLC, a real estate investment firm in Newport Beach, bought the building for $12.1 million, CBRE has announced. The seller was 66 River Partnership LP, a development firm also in Newport Beach. CBRE represented both parties in the transaction, …

Inland Empire home prices, including distressed sales, rose 7.9 percent in December year-over-year, according to data released this week. Prices were essentially unchanged compared with November, Irvine-based CoreLogic reported. Nationwide, home prices were up 6.6 percent between December 2017 and December 2016, and up 0.5 percent from November. “The number …

A 227-unit apartment complex in Moreno Valley has been sold. Mediterranean at Towngate sold for nearly $28 million, according to a statement released by CBRE. TruAmerica, a Los Angels-based company that renovates and repositions multifamily properties, was the seller. The buyer was New Standard Equities, a real estate investment and …

Construction of a 504,000-square-foot warehouse-distribution building in Riverside has been completed. Meridian Distribution Center II occupies 27 acres at 22000 Opportunity Way, near Interstate 215 and Van Buren Boulevard, according to a statement released Monday by Newcastle Partners, the project’s developer. The building is part of Meridian Business Park, a …

Foremost Cos. has bought a 100,000-square-foot office building in Pomona. The structure, at 901 Corporate Center Drive, is part of the University Corporate Center business park, according to a statement. Cost of the building, and the name of the seller, were not released. The structure, which sits on 10 acres, …