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Real Estate

Mall near Victoria Gardens Sold

Rancho Cucamonga Shopping Mall Sold.001

A small shopping mall next to Victoria Gardens in Rancho Cucamonga has been sold. The Monet at Victoria Gardens Mall, a 31,407-square-foot retail center, sold for $13.2 million, according to a statement released by Faris Lee Investments. Fit Development LLC in Sacramento bought the property from Monet in Rancho Development …

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Bus tour of industrial properties scheduled

NAIOP Inland Empire Schedules Real Estate Tour.001

NAIOP, the commercial real estate trade association, is taking registrations for its annual bus tour of industrial properties in the Inland Empire. This year’s event is scheduled to be held Nov. 7, with more than 50 sites in Riverside and San Bernardino counties to be visited, said Robert Evans, executive director of …

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Residential parcels sold

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An Orange County land brokerage company has negotiated the sale of two parcels in the Inland Empire that will be developed into residential projects. FHII LLC, a private investment group, bought 35 residential lots from Encore Rialto Investments LLC for an undisclosed sum, said Tom Doyle, founding principal with WD …

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Housing market posts solid numbers

Inland Empire Business News week of October 14.001

Single-family home sales took a dramatic year-to-year jump in the Inland Empire during September. Sales were up 7.6 percent in Riverside County and 15.4 percent last compared with September 2012, according to DataQuick, the San Diego company that tracks the Southern California real estate market. Prices were also strong in …

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Good news: bank-owned home sales are on the decline

Inland Empire Economy Improves.002

In another sign that the state’s housing market is on the mend, sales of bank-owned homes now make up only five percent of the state’s total home sales. That’s quite a drop from nearly five years ago: at the start of 2009, repossessed homes accounted for nearly 60 percent of …

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Inland furniture company moves to trade zone

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A company that manufactures and distributes outdoor furniture is moving within the Inland Empire. Summerville Furnishings Inc. will lease a 56,585-square-foot building at 1800 Turner Drive in Ontario, said Stefan Pastor, an associate with Colliers International. The company is leaving an 80,000-square-foot building in Fontana that has served as its primary …

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