Friday , March 29 2024

Real Estate

Retail site fetches $3.2 million

Sold Sign

A retail pad in Beaumont occupied by a Sherwin-Williams paint store has been sold for $3.2 million. The 4,000-square-foot property is at 1495 East 2nd Street next to San Gorgonio Village, a 78,000-square-foot shopping center, according to Woods Development Co., the project’s developer and now the former owner. Information about …

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Coffee drive-thru sells for $1.9 million

Sold Stamp

A drive-thru coffee restaurant in Beaumont has been sold for $1.9 million. Dutch Bros. Coffee Drive-Thru opened April 28 at Highland Springs Avenue and 8th Street and was sold the next day, according to Hanley Investment Group Real Estate Advisors in Corona del Mar. Hanley Investment represented Evergreen Development, the …

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Mortgage delinquencies stay low

U.S. home prices record annual decline

Only three percent of U.S. mortgages were in some stage of delinquency in February, down 0.4 percent year-over-year but a slight increase – 0.2 percent – from January, according to data released today. One point four percent of all mortgages were 30 to 59 days past due in February, unchanged …

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Former Big Bear Lake Kmart to house three retailers

A former Kmart building in Big Bear Lake will be converted into an 80,000-square-foot neighborhood shopping center. Wood Investments Companies Inc. in Newport Beach will divide the building at Big Bear Lake Shopping Center, into three anchor tenant suites, according to a statement released by the company on Monday. The …

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Apartment complex sells for $6.8 million

A 41-unit apartment complex in Rialto has been sold for $6.8 million. A private investor whose name was not released bought the Jackson Apartments, adding to a portfolio that includes several other multifamily properties in the greater San Bernardino market, according to a statement released by CBRE. CBRE represented both …

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Norco to get another hotel

Building approved for UCR business school

A 108-room hotel is under construction in Norco. Tru by Hilton is being built at 3481 Hamner Ave., on a vacant parcel on the east side of the street, according to a statement on the city’s website. Approved by the city in 2019, the four-story hotel will be located immediately …

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