Progressive Real Estate Partners has negotiated the sale of a shopping center in Whittier. The Rancho Cucamonga brokerage, which specializes in small to medium-sized real estate transactions, marketed La Pico Plaza and represented the seller, an Orange County investor whose name was not released, according to a statement. Desert Capital …
Read More »Resort property sells for $50 million
Murrieta Hot Springs, the 46-acre property in southwest Riverside County that has been home to a Christian conference center and Bible college since 1995, has been sold. Olympus Real Estate Group paid $50 million for the site at 39401 Hot Springs Road, according to a statement released Tuesday. The seller …
Read More »Planned shopping center attracts 18 retailers
Eighteen retailers have agreed to locate at a Rialto shopping center scheduled to break ground this month. Rialto Village will be built at the southwest corner of San Bernardino and Riverside avenues and will be anchored by Sprouts, Burlington, Ulta, and Five Below, according to CBRE Ontario, which is marketing …
Read More »IE claims seven of the country’s top industrial leases
The Inland Empire accounted for seven of the largest industrial leases in the United States during the first six months of this year, according to data released today. Only Atlanta, Chicago and Indianapolis surpassed the Inland region in the category, which was based on an average size warehouse lease of …
Read More »State home sales plunge
Sales of single-family detached homes in California fell 31.1 percent year-over-year in July, the result of high prices and rising interest rates, according to data released today. The state’s median home price – $833,910 – was up nearly three percent from exactly one year earlier, the California Association of Realtors …
Read More »Two-tenant retail building sold
A Palm Desert building occupied by Mattress Firm and Club Champion has been sold for $5 million. The three-year-old structure is on a small parcel at Highway 111 and Fred Waring Drive, an intersection that accommodates an estimated 63,000 vehicles a a typical day, according to a statement released Tuesday. …
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