Real Estate

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 …

A logistics company has signed a pre-lease agreement at an industrial park in Chino. Sunset Pacific Transportation will occupy 136,200 square feet at the Chino Industrial Center, 14522 Yorba Ave, according to a statement released this week. Sunset Pacific is a freight consolidation company that ships goods nationwide. The company …

A Starbucks-anchored retail building in San Bernardino has sold for $4.6 million. The 5,000-square-foot structure at 2067 Highland Ave. opened last year and is fully leased, according to Progressive Real Estate Partners in Rancho Cucamonga, which announced the sale today on its website. Progressive marketed the property and represented the …

Home prices nationwide rose 15.4 percent in May, the largest year-over-year increase since November 2005, according to data released today. Not enough houses being built combined with a demand for more homes continued to drive up prices during the fifth month of the year, causing many prospective buyers – especially …

A 131-year-old office building in downtown Riverside has been sold. The three-story Loring Building at 3685 Main St. sold for $6.1 million, or $251 per square foot, according to a statement released by CBRE. CBRE represented the seller, a Riverside-based private investment group whose names were not released. The buyer …

Gov. Gavin Newsom has signed a bill that will provide more federal rent relief to state rental assistance programs. Current law limits to 80 percent the amount of back rent a housing provider can reclaim, but AB 832 allows providers – aided by the extra federal dollars – to receive …