Real Estate

A Chevron service station, convenience store, and car wash in Norco have been sold for $11.9 million. The 2.8-acre development at 996 Mountain Ave. sold for its full asking price in a transaction that included all three structures as well as the property, according to Progressive Real Estate Partners in …

NFI Industries, a third-party logistics company, has renewed its lease at the Perris Distribution Center. Newmark Ontario represented the landlord in the negotiations, Los Angeles-based Ares Management, according to a statement. Terms of the agreement were not disclosed. NFI occupies an 864,000-square-foot building at Perris Distribution Center, a two-story building …

Construction has begun on Arrow Business Center, a 49,291-square-foot industrial building in Rancho Cucamonga. The Class-A warehouse distribution facility, which is being developed at 11770 Arrow Route, is expected to be ready for occupancy in September, according to a statement. The project is less than a mile and a half from …

Barstow International Gateway, a planned $1.5 billion rail yard, and warehouse-distribution facility, could double that city’s population and over time transform not just Barstow but the High Desert, according to its proponents.     Barstow’s days as a High Desert city best known for being a stopping point between Southern …

A San Marino developer plans to build an extended-stay hotel in San Bernardino. Paladin Equity Capital will develop an Everhome Suites at 898 E. Harriman Place near Hospitality Lane, a popular dining and shopping district, according to Progressive Real Estate Partners in Rancho Cucamonga. Paladin paid $1.7 million for the …

Two point nine percent of all U.S. mortgages were in some stage of delinquency in November, a near-record low, according to data released this week. That was a decline of 0.7 percent from November 2021, when 3.6 percent of U.S. mortgages were 30 days or more past due, including delinquencies, …