Thursday , July 18 2024
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Real Estate

Temecula shopping center sold

Sold Stamp

A grocery-anchored shopping center In Temecula has been sold for $27.7 million. RA Centers in Newport Beach bought Meadows Village Center, 31963 Rancho California Road, from affiliates of Fortress Investment Group LLC, an investment firm based in Los Angeles, according to a statement. Built-in 2006, the neighborhood shopping center sits …

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Industrial park sells for $19.5 million.

Industrial park sells for $19.5 million.

A 122,000-square-foot industrial park in Jurupa Valley has been sold. San Diego-based Intersection Equities Inc. paid $19.5 million for Riverside Business Park, which runs parallel to the 60 Freeway near the I-215-91 interchange, according to a statement. The buyer was a partnership between Intersection and an affiliate of Blue Vista …

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Perris retail building sells for $4 million

Perris retail building sells for $4 million

A Perris building occupied by Altura Credit Union and a Little Caesar’s drive-thru have been sold for $4 million. The seller was a private investment group in Orange County, and the buyer was a family in Riverside County,  according to a statement released by Hanley Investment Group Real Estate Advisors …

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Progressive negotiates fast-food lease

Progressive negotiates fast-food lease

Progressive Real Estate Partners in Rancho Cucamonga has helped negotiate a lease for a drive-thru restaurant in Los Angeles County. The Habit Burger Grill will occupy a 2,366-square-foot pad/building in a strip mall at 1245 N. Grand Ave. across the street from Mt. San Antonio College in Walnut, according to …

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State housing market bounces back

U.S. home prices record annual decline

Sales of existing single-family homes in California reached 289,460 in May, up 9.8 percent from April but down 23.6 percent year-over-year, according to data released this week. The statewide median home price last month was $836,110, up three percent from April and down 6.4 percent from May 2022, the Los …

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Montclair multifamily sells for $150 million

Sold Sign

A 385-unit multifamily property in Montclair has been sold for $150 million. Archway Equities’ purchase of The Paseos at Montclair North is reportedly the largest multifamily transaction in Southern California this year, according to a statement. 4914 Olive Street Properties LLC was the seller.  JLL represented the investment group in …

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