Real Estate

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 …

A 4,400-square-foot retail property in French Valley has been sold for $3.3 million. The site, at 35958 Winchester Road changed hands in an all-cash agreement between two Southern California investors whose names were not released, according to SRS Real Estate Partners’ National Net Lease Group in Newport Beach. SRS Real …

Ground has been broken on a 334,048-square-foot logistics facility in Fontana. The project, at the southwest corner of Banana and Santa Ana avenues, is being developed by Birtcher Development in Newport Beach and is expected to be completed in early 2024, according to a statement. Students from Southridge Tech Middle …

Southern California’s median home price in March was $705,000, a 2.1 percent year-over-year drop. Despite that decline, five of six counties had their median price rise between the second and third month of the year: San Bernardino (1.1 percent), Orange (3.6 percent), Los Angeles 4.4 percent, San Diego (5.2 percent),  …

A retail pad in Beaumont occupied by a Sherwin-Williams paint store has been sold for $3.2 million. The 4,000-square-foot property is at 1495 East 2nd Street next to San Gorgonio Village, a 78,000-square-foot shopping center, according to Woods Development Co., the project’s developer and now the former owner. Information about …

A drive-thru coffee restaurant in Beaumont has been sold for $1.9 million. Dutch Bros. Coffee Drive-Thru opened April 28 at Highland Springs Avenue and 8th Street and was sold the next day, according to Hanley Investment Group Real Estate Advisors in Corona del Mar. Hanley Investment represented Evergreen Development, the …