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Real Estate

Desert shopping center sold

Desert shopping center sold

A La Quinta shopping center has been sold for $26.4 million. Komar Desert Center, an 80,000-square-foot development at Highway 111 and Jefferson Boulevard, was sold to a private investor whose name was not released, according to a statement released by CBRE. Information regarding the seller was not disclosed. The center’s …

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Retail pad in Palm Desert sells for $3.8 million

Retail pad in Palm Desert sells for $3.8 million

A retail pad in Palm Desert that is occupied by a Mexican Chipotle Grill has been sold for $3.8 million. The 8,500-square-foot retail pad is located at 39575 Washington St. about one block from Interstate 10, according to Hanley Investment Group Real Estate Advisors. Developed in 2008, the pad is …

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Ontario industrial building leased

A global outsourcing business has leased an industrial building in Ontario. H Global Commerce, which specializes in glass products and home goods, will occupy a 142,556-square-foot structure at the southeast corner of East Jurupa Street and South Vintage Avenue, according to CBRE. CBRE Ontario represented H Global Commerce in the …

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Dollar Tree building sells for $4.8 million

A Rancho Cucamonga building occupied by Dollar Tree has been sold for $4.8 million in an all-cash transaction. The structure at 9008 Foothill Blvd. is part of a retail center anchored by Chuze Fitness that is passed by an estimated 47,600 vehicles on a typical day, according to Progressive Real …

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Former Big Lots site is sold

building sold

A Fontana building formerly occupied by Big Lots has been sold for $2.7 million. Red Mountain Group, a Santa Ana-based real estate developer, sold the structure to Mirian LP, a private investment group, according to a statement. Red Mountain Group bought the building at 17093 Valley Blvd earlier this year …

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Palm Springs mixed-use parcel sold

A residential retail property in downtown Palm Springs has been sold for $7.3 million. New Dawn Enterprises LLC purchased the 21,000-square-foot parcel at 803 N. Palm Canyon Drive from 803 N. Palm Canyon Holdings, according to CBRE’s Ontario office. “This was … a buyer who truly appreciates the opportunity of …

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