Monday , December 4 2023
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Real Estate

State home sales inch up

Sales of existing single-family homes in California totaled 241,520i in January, up slightly from December but a 45.7 percent drop from one year earlier, according to a report released today. Statewide, the median home price in the first month of 2023 was $751,330, down three percent from December and a …

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Progressive arranges three cookie store leases

Progressive Real Estate Partners in Rancho Cucamonga has negotiated three leases for the franchisee of a popular cookie store chain. All three Crumbl Cookies sites are on the east end of the San Gabriel Valley: Diamond Bar (1,685 square feet at 2438 Golden Springs Drive), Glendora (1,200 sf at 1385 …

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Shopping center sells for $24.6 million

Sold Stamp

A grocery-anchored shopping center in Menifee has been sold for $24.6 million. Tourmaline Capital, a San Diego-based real estate investments firm, sold the property to a private investor, according to JLL Capital Properties. JLL’s Irvine office represented Tourmaline Capital in the negotiations, which were completed last month. The buyer’s name …

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Report: Buying a house remains out of reach for most

affordable housing crisis chino

Only 17 percent of California households could afford a median-priced home – $790,020 – during the last quarter of 2022, according to a study released this week. That was an 18 percent drop from the previous month and a 25 percent decline from the last three months of 2021, the …

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Office market holds steady

The Inland Empire office market during the last three months of 2022, held steady with few move-outs and much leasing. The two-county region recorded 77,041 square feet of positive net absorption and a vacancy rate of 8.6 percent, a quarter-over-quarter gain and decline, respectively, according to CBRE. While those two …

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Logistics facility sells for $329 million

building sold

A 1.8-million-square-foot warehouse-distribution center in an unincorporated community in Riverside County has been sold for a reported $329 million. Shopoff Realty Investments in Irvine and Artemis Real Estate Partners in Washington, D.C., sold Cherry Valley Logistics Center, to Toronto-based Brookfield Asset Management, according to a statement posted on Feb. 6 …

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