Real Estate

Twenty percent of California households could afford a median-priced home of $760,260 during the first quarter of this year, according to a report released May 16. That was a three percent increase from the fourth quarter of 2022, but a 24 percent decline compared with the first quarter of 2022, …

A neighborhood shopping center in Temecula has been sold for $27.7 million. Meadows Village Center was purchased recently by RA Center, a Newport Beach-based investment group, according to a statement released by CBRE’s National Retail Partners-West. CBRE represented the seller, and affiliates of Fortress Investment Group LLC, a global investment …

A 3,600-square-foot property in Corona occupied by a Quick Quack Car Wash has been sold. The parcel at 850 N. Main St. was sold by a private developer to a private investor, both from Southern California, for $4.4 million, according to SRS Real Estate Partners’ National Net Lease Group in …

A store devoted exclusively to piercings and selling jewelry has opened in Riverside, the company’s second Inland Empire location. Laughing Buddha began operating May 8 at 1201 University Ave., in a 2,000-square-foot space formerly occupied by a hair salon, said owner Josh Durante. Six people work there, and more employees …

A Fontana strip mall has been sold for $6 million. South Sierra Plaza was sold by a Los Angeles investor – also the project’s developer – whose name was not released, according to Progressive Real Estate Partners in Rancho Cucamonga. The buyer was also a Los Angeles-based investor who wished …

A five-building logistics complex in Corona has been sold for $325 million, reportedly the largest sum ever paid for an Inland Empire warehouse distribution facility. The 730,000-square-foot Corona Lakeside Logistics Center was sold by Santa Monica-based Kearny Real Estate Co., the project’s developer, to a foreign investor whose name was …