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Real Estate

Redlands retail center is sold

Sold Stamp

Progressive Real Estate Partners has completed the sale of a neighborhood retail center in Redlands. The Grove, sold for $8 million to a private investment group that owns similar commercial properties in Riverside County, according to a statement on Progressive’s website. Progressive represented the seller, who was from Los Angeles …

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Dermody signs Eastvale tenant

Leasing activity nearby doubled

Dermody Properties has leased a building to an undisclosed tenant at its LogistiCenter at Eastvale. The tenant, described only as a Fortune 500 company, will occupy building 6 at the project, according to a statement released earlier this week. At the tenant’s request, lease terms also were not disclosed, a company …

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Dermody signs Eastvale tenant

Dermody signs Eastvale tenant

Dermody Properties has leased a building to an undisclosed tenant at its LogistiCenter at Eastvale. The tenant, described only as a Fortune 500 company, will occupy building 6 at the project, according to a statement released earlier this week. At the tenant’s request, lease terms also were not disclosed, a company …

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Housing rents continue to rise

Housing rents continue to rise

Riverside housing rents rose an average of 17.2 percent between February 2021 February 2022, one of the largest increases of any major U.S. metropolitan area during that time. Average monthly rents in the city during that time were $2,653 a month, while the average monthly mortgage – based on a …

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Ontario to build 20,000-plus housing units

Ontario to build 20,000-plus housing units

Ontario has agreed to build more than 20,000 housing units between now and October 2029, including 9,000 units for low-income residents. The updated housing element, adopted earlier this month, represents what the city is required to build under the state-mandated Regional Housing Needs Assessment (RHNA), according to a statement on …

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Fontana shopping center sold

Fontana shopping center sold

CBRE has negotiated the sale of the Inland Empire Center in Fontana. The retail center, which covers nearly 310,000 square feet, sold for $70.5 million to to JH Real Estate Partners, Inc., a real estate investment company in Newport Beach, according to statement released today. The seller’s name was not …

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