Real Estate

A Perris building occupied by Altura Credit Union and a Little Caesar’s drive-thru have been sold for $4 million. The seller was a private investment group in Orange County, and the buyer was a family in Riverside County,  according to a statement released by Hanley Investment Group Real Estate Advisors …

Progressive Real Estate Partners in Rancho Cucamonga has helped negotiate a lease for a drive-thru restaurant in Los Angeles County. The Habit Burger Grill will occupy a 2,366-square-foot pad/building in a strip mall at 1245 N. Grand Ave. across the street from Mt. San Antonio College in Walnut, according to …

Sales of existing single-family homes in California reached 289,460 in May, up 9.8 percent from April but down 23.6 percent year-over-year, according to data released this week. The statewide median home price last month was $836,110, up three percent from April and down 6.4 percent from May 2022, the Los …

A 385-unit multifamily property in Montclair has been sold for $150 million. Archway Equities’ purchase of The Paseos at Montclair North is reportedly the largest multifamily transaction in Southern California this year, according to a statement. 4914 Olive Street Properties LLC was the seller.  JLL represented the investment group in …

A Starbucks-anchored property in Riverside has been sold for $4.8 million. The one-acre parcel at 22420 Van Buren Blvd. is part of Veteran’s Plaza, a community shopping center, according to a statement. In addition to Starbucks, Express Gadget Repair, Jersey Mike’s and Desperate Measures, which sells accessories for hunters and …

An Orange County industrial developer will build a 500,000-square-foot warehouse-distribution facility in Moreno Valley. CapRock Partners in Newport Beach will develop CapRock Global Logistics on 22 acres it has purchased within the World Logistics Center, the planned 2,610-acre industrial park, according to a statement released this week. CapRock bought the …