Monday , December 4 2023
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Real Estate

Big Bear Lake retail centers sells

A retail center in Big Bear Lake has sold for $3.9 million. The Village Mall at Big Bear, 40729 Village Drive, changed hands in an all-cash transaction between two private investors whose names were not released, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive represented the seller, who …

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SB apartment complex sold

Sold Stamp

A 35-unit apartment complex in San Bernardino has been sold for $5 million. Las Brisas Apartments, at 3665 N. E St., is a two-story gated community near San Bernardino Valley College that was recently purchased by a private investor who asked to remain anonymous, according to CBRE. “The seller found …

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U.S. home price growth expected to cool

Nationwide housing prices take record jump

Home prices nationwide increased 15 percent in 2021, the result of high demand and not enough houses available for sale, according to data released Tuesday. That was a nine percent increase from 2020, as home prices grew 10 percent in first quarter and reached 18 percent growth in the fourth …

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Chick-fil-A coming to Palm Desert

Three retail pads at a new shopping center in Palm Desert have been sold. Chick-fil-A Drive Thru, Quick Quack Car Wash and AT&T/Spectrum bought one property each at the recently developed Monterey Crossing, according to Hanley Investment Group Real Estate Advisors. Hanley Investment arranged all three transactions, which combined totaled …

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Inland Empire makes best commercial investment list

The Inland Empire is among the top U.S, regions in which to invest in commercial real estate, according to a real estate investment firm. The two-county region ranked 18th out of 20 markets, one of only three California markets listed by Portland, Ore.-base CrowdStreet. San Diego (11) and San Francisco-Oakland …

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IE ranks in top three for mega-warehouse deals in U.S.

Warehouse Deal Approved As Property Values Drop.002

A record number of mega-warehouse deals happened in the United States last year, according to data released this week. Companies signed on to 57 warehouse leases one million square feet or larger, a 19 percent increase compared with 2020, CBRE reported. Ten of the top 100 industrial and logistics leases …

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