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Real Estate

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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Inland industrial market still solid

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The Inland industrial market stayed strong during the first quarter of 2014, with sales and leasing activity totaling nearly six million square feet. That represented a drop of about 1.3 million square feet year-over-year, but that can be attributed to a reduction in desirable industrial space within Riverside and San …

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Housing woes continue

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The housing market continued to struggle during March, both regionally and locally.   In Southern California, 17,638 single-family homes were sold last month, a 14.3 percent drop year-over-year, according to the monthly housing report released today by DataQuick Information Systems in La Jolla.   They were also the lowest sales …

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Retail center changes hands

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A retail center in San Dimas has been sold to a group of private investors. The property, a strip center at 702 W. Arrow Highway, sold for $4.8 million, said Frank Vora, an investment sale specialist with Progressive Real Estate Partners in Rancho Cucamonga. The seller was R&N Partners LLC …

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