Tuesday , May 30 2023
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Real Estate

Future downtown Eastvale site closes escrow

The Irvine-based developer set to develop Eastvale’s downtown has acquired the land that will be home to the that project’s first phase. The New Home Company assumed ownership of 495,000 acres formerly known as The Leal Ranch Property when escrow closed recently, according to a statement on Eastvale’s website. Ultimately, …

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Chino industrial portfolio sold

Sold Stamp

A cluster of three industrial buildings in Chino, all fully occupied, have been sold. Clarion Partners Real Estate Income Fund Inc., a real estate investment management company in New York, bought all three structures recently for an undisclosed sum, according to a statement released today. The dealer’s name and the …

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Progressive negotiates Whittier sale

building sold

Progressive Real Estate Partners has negotiated the sale of a shopping center in Whittier. The Rancho Cucamonga brokerage, which specializes in small to medium-sized real estate transactions, marketed La Pico Plaza and represented the seller, an Orange County investor whose name was not released, according to a statement. Desert Capital …

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Resort property sells for $50 million

Murrieta Hot Springs, the 46-acre property in southwest Riverside County that has been home to a Christian conference center and Bible college since 1995, has been sold. Olympus Real Estate Group paid $50 million for the site at 39401 Hot Springs Road, according to a statement released Tuesday. The seller …

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Planned shopping center attracts 18 retailers

Eighteen retailers have agreed to locate at a Rialto shopping center scheduled to break ground this month. Rialto Village will be built at the southwest corner of San Bernardino and Riverside avenues and will be anchored by Sprouts, Burlington, Ulta, and Five Below, according to CBRE Ontario, which is marketing …

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IE claims seven of the country’s top industrial leases

Dermody signs Eastvale tenant

The Inland Empire accounted for seven of the largest industrial leases in the United States during the first six months of this year, according to data released today. Only Atlanta, Chicago and Indianapolis surpassed the Inland region in the category, which was based on an average size warehouse lease of …

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