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Real Estate

Seniors-only community in Rancho Cucamonga sold

A multifamily project in Rancho Cucamonga restricted to people 55 years old and older has been sold. The Village on 5th, a 264-unit property at Fairway View Place, changed ownership late last month for an undisclosed sum, according to CBRE. Acacia Capital Corp. a real estate firm in San Mateo, …

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Report: Riverside vulnerable to housing shortage

Riverside’s housing market is among the most vulnerable in the United States to a slowdown if a recession hits, according to a recent study. Homeowners in Boise, Idaho, Tampa, Fla. and Phoenix, Ariz. are considered more likely to lose at least some of the value their properties accumulated during the …

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Logistics center in Perris signs two more tenants

More than 1.1 million square feet of space has been leased at Knox Logistics Center, an eight-building warehouse-distribution project under construction in Perris. A logistics services company whose name was not released will occupy all of the center’s third building, Knox III, which will cover 692,645 square feet at 22305 …

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Distribution facility sell for $102 million

Sold Sign

An automated distribution facility in Bloomington that specializes in “last-mile” deliveries has been sold for $102 million. Crow Holdings Development, a private Investment-development firm in Dallas, sold the 344,360-square-foot structure at 18025 Slover Ave., according to JLL, which helped negotiate the sale. Information about the buyer was not released. The …

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Truck terminal sells for $83 million

Sold Stamp

A 43,000-square-foot truck terminal in Rialto has been sold for $83 million in an off-market transaction. The project, at 2650 S. Willow Ave, was purchased recently by Bridge Logistics Properties, a real estate management company, according to statement. The seller, TFI International Inc., is a transport and logistics company based in Saint-Laurent, …

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IE office market stays strong

The Inland Empire office market had a solid second quarter, with 14,584 square feet of net absorption and nearly 39,000 square feet of construction recorded during that time, according to CBRE. Office vacancy decreased 30 base points to 9.7 percent, the third consecutive quarter-over-quarter vacancy drop for the office market …

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