Real Estate

A downtown Riverside strip mall has been sold for $3.6 million. The 7,250-square-foot retail center at 3948-3964 University Ave. was purchased by an Orange County investor whose name was not released, according to Progressive Real Estate Partners in Rancho Cucamonga. The seller was a Los Angeles investor who also wished …

Construction has started on a 48-unit apartment complex in Beaumont that will be made available to homeless people and people on the verge of being homeless. Summit View Apartments is being developed at 1343 E. 8th St. by National Core, a nonprofit developer of affordable housing, according to a statement …

Sales of existing single-family homes in California reached 270,200 in June, down 0.8 percent from May and down 2.7 percent year-over-year, according to a study. Statewide, the median home price was $900,720, down 0.8 percent from May but up 7.5 percent, June 2023, the California Association of Realtors reported. During …

A freestanding logistics center in Perris has been sold. Atlanta-based Core5 Industrial Partners recently sold the Rider Business Center to TA Realty LLC. In Newport Beach, according to a statement released July 10. Cost of the transaction, which was described as an investment purchase, was not disclosed. Rider Business Center …

A Houston-based real estate development firm will build a 298,000-square-foot industrial facility in Chino. Schaefer Logistics Center will be built on 13.2 acres at 13610 Yorba Ave., with construction expected to start in the fourth quarter of this year and be completed by the end of 2025, according Lovett Industrial. …

Progressive Real Estate Partners in Rancho Cucamonga has negotiated two Inland Empire leases on behalf of a sandwich shop chain. Capriotti’s Sandwich Shop plans to open restaurants in Ontario and Murrieta this month,  according to a statement posted July 8 on Progressive’s website. The Ontario location at 920 N. Have …