Monday , October 25 2021

Real Estate

Three industrial buildings slated

Inland Empire Business Daily Construction News.003

Newcastle Partners will soon start construction on three industrial buildings in the Inland Empire. The buildings – one in Redlands and two in unincorporated Riverside — combined will cover 824,300 square feet and be built without signed tenants, according to a statement. The projects are: Redlands Commerce Center, a joint-venture …

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Fontana shopping center sold

Foothill Village, a 25,000-square-foot unanchored retail center in Fontana, has been sold. The property at 14755 Foothill Blvd. changed hands for $5.3 million, according to a statement released by Progressive Real Estate Partners in Rancho Cucamonga. Progressive marketed the property and represented buyer and seller, both of which were Los …

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Home prices stay up despite COVID-19

Home Prices Increase

Nationwide home prices rose nearly six percent in August year-over-year, according to data released Tuesday. Consumers are continuing to purchase single-family homes despite COVID-19, which has helped keep mortgage rates low, Irvine-based CoreLogic reported in its monthly assessment of U.S housing prices. Inventory, however, continues to drop, falling 17 percent …

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Car wash leases parcel near Mills

A self-service car wash has leased a 30,000 square-foot parcel near Ontario Mills. Fast5Xpress will set up shop on the property near the junction of Interstates 10 and 15, according to Progressive Real Estate Partners in a statement. Evergreen Devco in Glendale is the property owner. Financial details of the …

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