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Real Estate

Chick-fil-A property sold

Sold Sign

A 5,000-square-foot parcel in Murrieta that is occupied by a Chick-fil-A has been sold for $6.5 million. The restaurant at 27960 Clinton Keith Road opened in March and has a 15-year ground lease attached to it, according a statement released June 24. SRS Real Estate Partners in Dallas represented the …

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Progressive to handle next round of leasing at Chino shopping center

Progressive to handle next round of leasing at Chino shopping center

Progressive Real Estate Partners in Rancho Cucamonga will market Chino Hills Marketplace, the regional shopping center next to the 71 Freeway. Paul Su and Roxanne Klein, both vice presidents of retail leasing and sales, have been selected to conduct second-generation leasing at the 310,600-square-foot facility, according to statement on Progressive’s website. …

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State housing market drops slightly

U.S. home prices record annual decline

California’s housing market took a slight downturn in May, thanks mainly to interest rates that returned to where they were at the end of last year. Sales of existing single-family homes totaled 272,410 last month, seasonally adjusted, down 1.1 percent from 275,540 in April and down six percent from 289,860 …

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Affordable housing project breaks ground in Riverside

Affordable housing project breaks ground in Riverside

A 59-unit affordable housing project complex for seniors is under construction in downtown Riverside. Mulberry Gardens is being developed at 2520 Mulberry Street and is expected to take one and a half to two years to complete, according to a statement on the city’s website. Riverside and Eden Housing Inc. …

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Temecula industrial buildings part of portfolio sale

Sold Stamp

Two industrial buildings in Temecula that combined cover 166,000 square feet have been sold. The structures, at 26201 Ynez Road and 42259 Rio Nedo Road, were bought recently by Cire Equity in San Diego for $24 million, according to a statement. The seller’s name was not disclosed. The sale price is …

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Industrial building near ONT leased

Industrial building near ONT leased

A 184,000-square-foot industrial building in Ontario has been leased. The structure, at 5700 E. Airport Drive, is part of the 250,248-square-foot Airport Distribution Center, according to a statement. The tenant is Logistar, Inc., a trucking company in Quebec. The owner of the building is Alere Property Group Inc., a Newport …

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