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 …
Read More »Mortgage delinquencies trend down, but still top pre-pandemic rate
Four-point four percent of all U.S. mortgages were in some stage of delinquency – at least 30 days or more past due, including foreclosures – in June, according to data released this week. That was a 2.7 percent drop compared with June 2020, when the number was 7.1 percent, Irvine-based …
Read More »Politics and Housing in Chino: The Story Goes Deeper Than Many Know (Part I)
There is virtually no neighborhood left unscathed by the housing market’s supply-and-demand twists, turns, and strife across California as historically low inventory plagues the marketplace — especially when it comes to planning and building new homes and entire neighborhoods. This issue is oftentimes characterized as activist residents pitted against developers, …
Read More »Canyon Crest Country club sold
Canyon Crest Country Club in Riverside has been sold. The private club at 975 Country Club Drive sold for an undisclosed sum, according to a statement released by Newmark, the commercial real estate brokerage that negotiated the sale. The buyer was Canyon Crest Country Club, Inc., a private investment group. …
Read More »Riverside apartments change hands
Two apartments in Riverside have sold for $2.9 million. Located at 3459 Fourth St. and 3407-3415 Kansas Ave, the properties feature eight one-bedroom and eight two-bedroom units, each with one bathroom, according to CBRE, which brokered the transaction. The Fourth Street property is a two-story building that recently had its roof …
Read More »Newmark negotiates lease renewal and expansion for DSW Distribution
Newmark Group Inc. has negotiated a lease renewal on behalf of DSW Distribution Center Inc., the cold-storage provider, at its Rancho Cucamonga headquarters. DSW will remain at the Lincoln Distribution Center, 8858 Rochester Ave. in Rancho Cucamonga. DSW stores and distributes food and pharmaceutical products from the 164,975 square-foot building. …
Read More »