Wednesday , February 8 2023
Breaking News

Real Estate

T-Mobile to open desert store

T-Mobile has signed a lease on 1,300-square-foot of retail space Yucca Valley. The property, at 57750 Twentynine Palms Highway, will house a corporate store that is expected to open by the end of the year, according to a statement on Progressive Real Estate Partners website. Rancho Cucamonga based Progressive represented …

Read More »

Moreno Valley industrial park changes hands

A five-building industrial park in Moreno Valley has been sold. Moreno Corporate Center, which covers nearly 140,000 square feet at Elsworth Street and Goldencrest Drive, sold for an undisclosed sum, Toronto-based Avison Young announced Monday. Brokers from Avison Young’s Orange County office represented the buyer, a Southern California investor whose …

Read More »

Needles apartment complex sells for $2.2 million

Inland Empire Retail Properties Sold

An 81-unit apartment complex in Needles has been sold for $2.2 million. River Garden Apartments changed hands between two private investors whose names were not released, according to a statement released by CBRE, which represented the seller in the transaction. Located at 1970 Clary Drive, River Garden Apartments is comprised …

Read More »

Highland shopping center sold

A Highland shopping center with no anchor tenant has been sold. Highland Civic Center Plaza was purchased by a private investor in Los Angeles whose name was not released for $1.2 million, according to a statement released by Progressive Real Estate Partners in Rancho Cucamonga. The owner was an Inland …

Read More »

Corona industrial building fetches nearly $4 million

Avison Young Ontario has completed the sale of a 22,547-square-foot industrial building in Corona. The structure, at 1160 California Ave., sold for $3.98 million, according to a statement. The seller was a private party whose name was not released. The buyer was Sierra Way Industrial Partners LLC, a Redlands investment …

Read More »

Serious mortgage delinquencies spike in June

Inland Empire Foreclosures Drop

Seven point one percent of U.S. mortgages were in some state of delinquency – 30 days or more past due, including foreclosures – in June, according to data released Tuesday. That was a 3.1 percent increase compared with June 2019, when that number was four percent, Irvine-based CoreLogic reported in …

Read More »