Sunday , July 14 2024
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Real Estate

Perris warehouse sells for nearly $60 million

A 333,600-square-foot warehouse-distribution building in Perris has been sold. Harvill Logistics Center in Perris sold recently for $57.5 million, according to The Rockefeller Group, a New York-based real estate company that develops, owns, and manages high-end properties. Rockefeller Group sold the building at 21500 Harvill Ave. to a joint venture …

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Sorelle Apartments in Moreno Valley sells for $85 million

A 330-unit apartment complex in Moreno Valley has been sold for $85 million. Tower 16 Capital Partners in San Diego bought the Sorelle Apartments in an off-market transaction, according to a statement released Monday. The seller’s name was not released. This is Tower 16’s seventh purchase of a multifamily property …

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OC firm buys Redlands apartment complex

An investment firm has purchased a 124-unit apartment complex in Redlands for $46.2 million. Irvine-based SB Real Estate Partners, which specializes in multifamily properties, bought ReNew Redlands and immediately renamed it Portola Redlands, according to a statement released this week. The seller’s name was not disclosed. SB Real Estate plans …

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Inland retail market has solid quarter

The Inland Empire’s retail vacancy rate was eight percent during the third quarter, unchanged from the second quarter and down 80 basis points year-over-year. Riverside and San Bernardino counties absorbed 70,613 square feet of retail space during the third quarter, and there were 926,428 square feet of retail space under …

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Jack in the Box is sold

Jack in the Box is sold

A Jack in the Box Drive-Thru in Pomona has been sold for $2.7 million. Located at 101 W. Foothill Blvd., the restaurant was purchased by a San Gabriel-based investor whose name was not released, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive represented the buyer in the transaction, …

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