Wednesday , February 8 2023
Breaking News

Real Estate

Construction underway on large logistics project

Construction has begun on a 1.1-million-square-foot logistics building in unincorporated Riverside County. Knox Logistics VII, a warehouse distribution center, is being developed by Trammell Crow Co. and Clarion Partners LLC at I-215 freeway and the Cajalco Expressway, according to a statement released this week. “We are very excited to begin …

Read More »

Inland brokerage arranges restaurant lease

Dermody signs Eastvale tenant

A Norco commercial real estate firm has secured a lease in Orange County for a popular restaurant chain. Jalapeno’s Mexican Food will occupy 1,400 square feet in the Lakeview Shopping Center in Yorba Linda, according to Capital Income Properties Group. The five-year lease includes multiple extension options. Financial details were …

Read More »

Home prices hit highest point in 16 years

median priced home

U.S. home prices rose 13 percent in April year-over-year, the largest increase of that kind since February 2006. Not enough new houses are being built, combined with an ever-growing number of people who want to enter the housing market or purchase a “move-up” home, which continues to push home prices …

Read More »

Two apartment complexes sell in Colton

Sold Sign

CBRE has negotiated the sale of two multifamily properties in Colton. Reche Ridge at 2270 Cahuilla St., and 1333 Canyon at 1333 Reche Canyon Road, sold for a combined $41 million in an off-market transaction, according to a statement released by the commercial real estate brokerage Wednesday. The buyer was …

Read More »

Inland broker helps with sale of Arizona preschools

Residential development for sale

Progressive Real Estate Partners in Rancho Cucamonga has negotiated the sale of six preschools in Arizona. The Sunrise Preschools – two in Mesa and one each in Phoenix, Tempe, Chandler and Glendale – changed hands for a combined $16.9 million, according to a statement on Progressive’s website. Average price per …

Read More »