Monday , February 26 2024
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Real Estate

Retail property sells

Local Commercial Building in Riverside Sells.001

A property in Riverside that is occupied by O’Reilly Auto Parts has sold. Riverosity LLC in Los Angeles bought the property at 1691 University Ave. from Ximeno Associates in Newport Beach for $3.2 million, according to a statement by Faris Lee Investments. The sale was announced Tuesday. O’Reilly Auto Parts …

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Mo Valley means large industrial projects

Business Leaders come to gether in Inland Empire.002

Mo Valley means large industrial projects Moreno Valley has landed another major logistics operation. Deckers Outdoor Corp., which manufactures shoes and sandals for sports and recreational use, will lease 800,000 square feet of industrial space in the city, said John Terrell, Moreno Valley’s community and economic development director. That space …

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Government shutdown hobbles home sales

Housing Market Takes a Dip.001

The U.S. government shutdown appears to have taken a bite out of the California housing market. Sales of single-family homes dropped for the third consecutive month during October, the month of the 16-day shutdown, according to the California Association of Realtors. Sales were down 2.7 percent compared with September and …

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Residential infill project planned

Inland Parcels Sold.001

A Corona real estate developer will build a tract of single-family homes in Yucaipa. Griffin Residential LLC purchased 17 lots from a group of private investors, properties that are part of the Chapman Heights community, said Les Whittlesey, principal with WD Land in Irvine. The graded lots at Chapman Heights …

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High Desert industrial project moves closer to reality

Amazon coming to Moreno Valley

Victorville City Council members in December will consider a 1.3-million-square-foot warehouse-distribution center that will be built at the Southern California Logistics Airport. The project will be built on open space at Phantom West and Nevada Avenue, said Brian Parno, chief operating officer with Stirling, a development company in Foothill Ranch …

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Inland Empire Housing News: foreclosures drop

Inland Empire Economy Improves.002

Foreclosures in the Inland Empire dropped 60 percent year-to-year during October. That drop was more than twice the size of that recorded nationwide, according to a report originally published in The Press-Enterprise. The report, citing data from RealtyTrac, the real estate information service, said the two-county region still has its …

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