Real Estate

A neighborhood shopping center in Fontana has been sold.. Southridge Plaza, which covers nearly 120,000 square feet at Cherry and Live Oak avenues, sold for $20.6 million, Faris Lee Investments announced last week. The seller was Fortress Investment Group, a private equity fund in Los Angeles. San Diego-based Fontana Southridge …

Six retail tenants have signed leases at Metro at Main, a new mixed-use community in Corona. Coffee Bean & Tea Leaf, America’s Best Vision, Poki Cat, Organic Junkie, Meraki Salon and Union Barber & Beer Lodge have all agreed to locate at the project at North Main and Rincon streets, …

Four and one-half percent of all mortgages in the United States were delinquent during May, a year-over-year decline of .8 percent, according to data released yesterday. In May, the number of properties in some stage of foreclosure inventory was 0.7 percent, compared with one percent one year earlier, Ivine-based CoreLogic reported. …

An industrial property in Ontario has been sold. Transpark Industrial Center at 3000 – 3072 Inland Empire Blvd. sold recently for approximately $27 million, according to CBRE Group Inc. The buyer was Rexford Industrial, a Los Angeles real estate firm that specializes in industrial properties. The seller was The Abbey …

A four-property, multi-family portfolio in Yucaipa and Calimesa has been sold. The Yucaipa properties are at 12350-12370 5th Street and 35455 Yucaipa Blvd, according to CBRE Group Inc. which announced the transaction Monday. The two sites in Calimesa are at 221-233 West County Line Road and 419 West County Line …

Inland Empire home prices, including distressed sales, rose by 6.6 percent in June, according to data released Tuesday. Month-over-month, sales in Riverside and San Bernardino counties were up – 1.2  percent – Irvine-based CoreLogic reported in its monthly report on U.S. home prices. Nationwide, home prices – including distressed sales …