Real Estate

A 7,000-square-foot retail building in Perris has sold for $2.3 million. The property, at 2560 N. Perris Blvd., was sold to a local investor who plans to renovate the property and open a Mexican food restaurant and catering business there, according to Progressive Real Partners in Rancho Progressive represented the …

Two multifamily developments in Colton have been sold for $41 million. Reche Ridge and 1333 Canyon, two projects with a combined 214 units, were purchased by Tower 16 Capital Partners in an off-market transaction, according to a statement. The seller, Logan Capital Partners, was represented by CBRE. Reche Ridge is …

A senior community in San Bernardino has been sold for $7.2 million. The Mogharebi Group, a brokerage firm that specializes in multifamily properties in California, negotiated the sale of the Bernardine Senior Independent Living, a four-story, 71-unit complex, according to a statement. The buyer was an investment group in the …

An Orange County developer has broken ground on a 125-acre industrial project in Calimesa. Birtcher Oak Valley Commerce Center will consist of four industrial buildings that collectively will cover 2.2 million square feet, according to Birtcher Development in Newport Beach. The project, at Singleton and Roberts roads next to Interstate …

If you want to know how popular e-commerce has become, look no further than the Inland Empire industrial market. Vacancy fell to 1.4 percent in the second quarter, the result of an increase in lease renewals and more aggressive first-time leasing, according to CBRE. Lease rates in the second quarter …

A five-building industrial park in Moreno Valley has sold. Vertical Ventures Capital LLC in Walnut Creek bought Moreno Corporate Center for $20.3 million, according to a statement released Monday. The seller, a private investor in Southern California whose name was not released, was represented by CBRE. Vertical Ventures, which buys …