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Real Estate

Medical office sells for $7.8 million

A medical office building in Riverside has been sold. Latham Medial Plaza, a two-story building at 4361 Latham St., sold for $7.8 million, according to a statement released by CBRE. CBRE represented the seller, Jolish Latham, LLC and Latham ZG, LLC, both San Francisco-based private investors. The buyer was JKI …

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Bloomington service station, convenience store sold

A Shell service station and a Circle K convenience store in Bloomington have changed ownership. The freestanding businesses at 2128 S. Riverside Ave. were sold for $6.2 million to a private investor in Riverside County who operates ARCO stations throughout California, according to Progressive Real Estate Partners in Rancho Cucamonga. …

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State housing affordability drops

“Underwater” Home Decline

Housing affordability in California dropped to its lowest point in two years during the third quarter, according to the California Association of Realtors. Double-digit prices increases and a lack of homes for sale meant only 28 percent of the state’s potential home buyers could afford the median price of $693,680, …

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Bank complex will become autism treatment center

A former banking complex in Riverside has been purchased by a company that offers intervention services and early treatment for autistic children. Dream Big Children’s Center paid $1.4 million for the structures at 6876 Magnolia St., according to Progressive Real Estate Partners in Rancho Cucamonga.  Progressive Real Estate represented the …

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Temecula retail center sells for $7.1 million

Inland Empire Retail Properties Sold

A Starbucks-anchored retail center in Temecula has been sold. The Shops at Gateway to Temecula, an 8,325-square-foot retail center with multiple tenants, sold for $7.1 million, according to a statement. The seller, Pacific Real Estate of Corona, was represented by Hanley Investment Group, who announced the sale. The buyer, a …

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Electronics firm leases Eastvale industrial building

A 276,000-square-foot logistics facility in Eastvale has been leased to a single tenant. Newegg, an online retail company that specializes in computers, cameras and other electronic items, has signed a 100-month lease to occupy the building at 2653 S. Milliken Ave., according to a statement. Financial terms were not disclosed. …

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