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Real Estate

Retail center sold

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A two-building retail center in Fontana has been sold. The Shops at Sierra Lakes, which covers 21,615 square feet at 16943 and 16975 Sierra Lakes Parkway, sold for $7.8 million, according to Faris Lee Investments in Irvine, which helped negotiate the transaction. The sale was announced today. Tenants include 7-11 …

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Mo Valley mall lands another tenant

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A national clothing chain will move into Moreno Valley Mall this summer. Tilly’s, which specializes in apparel and accessories for action-sports enthusiasts, has signed a lease to occupy 7,100 square feet on the mall’s lower level near Macy’s, according to a statement. The agreement, which was completed by the mall’s …

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Tech building sold

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The longtime Pomona home of an aerospace and defense contractor has been sold. Garey Tech Center, which has been occupied by Hamilton Sundstrand since the building opened in 1962, sold for $16.5 million, according to Colliers International. Colliers represented both parties in the transaction: the Lincoln Property Company and Morgan …

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Office building fetches $7.1 million

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A Class-A office building in Corona has been sold. The three-story structure sold recently for $7.1 million and was a little more than half occupied when escrow closed, according to a statement released this week. Avison Young’s Irvine office represented the buyer, Providence Capital Speed Fund II LLC, which is …

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Famed San Bernardino Hotel on the market

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The Arrowhead Springs Hotel in San Bernardino, once a getaway spot for Hollywood royalty, is up for sale. The Campus Crusade for Christ, which has owned the resort since 1962 , is asking $60 million for the 1,900-acre property in the San Bernardino Mountains, according to a report published in …

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Home sales struggle statewide

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Sales of single-family homes in California were down in March compared with the previous year, mostly because of a drop in inventory, according to the California Association of Realtors. About 367,000 single-family homes were sold in March statewide, the highest number of sales recorded in four months, according to the …

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