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Real Estate

Beaumont shopping center changes hands

Beaumont shopping center changes hands

Brixton Capital, a real estate investment firm in Solana Beach, has purchased Marketplace Beaumont, a 187,851-square-foot shopping center in Beaumont. The seller was FJ Hanshaw Trust in Garden Grove, who sold the retail project for an undisclosed sum in an off-market transaction, according to a statement released this week. Located …

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Industrial projects underway in Chino

Industrial projects underway in Chino

An Orange County company that develops industrial facilities has started construction on two projects in Chino. Euclid Industrial Park and Chino Commerce Park are under construction at separate locations and will cover about 640,000 square feet when they’re finished, according to a statement released by Alere Property Group LLC in …

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Third-party logistics operation lands in Rialto

LogistCenter at Rialto Phase II Building 8

A third-party logistics company in Ontario has leased a 258,737 square-foot industrial building in Rialto. DCG Fulfillment will begin occupying the building in December, according to a statement released today by the building’s owner, Dermody Properties in Reno, Nev. Financial terms of the five-year lease were not disclosed. DCG Fulfillment, …

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Discount store to set up shop in Fontana

Discount store to set up shop in Fontana

A discount chain will locate in a former Kmart site in Fontana. Crazy Boss Discount Store will occupy the 103,157 square-foot space at 17099 Valley Blvd. in the Vineyard Valley Center, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive, which specializes in small to medium-size retail projects, represented …

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State home sales drop nearly 11 percent on annualized rate

Sales of existing, single-family detached homes in California totaled 414,860 in August, down 3.3 percent from July and down 10.9 percent from August 2020, according to the California Association of Realtors. Statewide, the median price of a home was $827,940, up 2.1 percent from July and up 17.1 percent from …

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Colton shopping center sells for $8.8 million

Los-Compadres-Plaza

A neighborhood shopping center in Colton has sold for $8.8 million. Los Compadres Plaza, 1035 S. Vernon Ave., is made up of four buildings that combined are about 93 percent occupied, according to Progressive Real Estate Partners in Rancho Cucamonga, which negotiated the sale. Buyer and seller were both local …

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