Real Estate

Eagle Plaza, a retail center in Hesperia, has sold for $5.4 million. The 40,000-square-foot property at 15776 Main St. was sold by a local private investor whose name was not released, CBRE announced Monday. CBRE represented the seller. Information about the buyer was not disclosed. Tenants include a donut shop, …

Despite a relatively strong economy, landlords continue to offer free rent in order to secure long-term office deals. On average, owners of office space nationwide agreed to 12.5 months of free leasing on deals signed during the first quarter of 2021, a 29 percent increase year-over-year, according to CBRE. Tenant-improvement …

SB-12, is intended to keep single-family homes out of areas deemed a high risk for fires, according to its proponents. But its foes see the bill as yet another example of bureaucratic overreach on the part of Sacramento lawmakers that could deliver a crippling blow to the state’s housing industry.   …

A Moreno Valley developer and a coalition of environmental activist groups on Thursday reached a $47 million settlement regarding what will be one of the world’s largest warehouse-distribution operations. Developer Highland Fairview will invest up to $12.1 million in electric vehicles at the World Logistics Center, a 40.6 million-square-foot project …

A 109,000-square foot warehouse distribution facility in Temecula has been sold. Westcore, which buys, develops, and manages west coast industrial properties, bought the facility at 28381 Vincent Moraga Drive for $16 million from an unidentified party, according to a statement released this week. The building covers 6.6 acres. “This building …

A 12-unit townhome project in Palm Desert has sold for $3.4 million. The Fred Waring Townhomes at 73881 Fred Waring Drive consists of three buildings, all of them recently renovated. CBRE represented the seller, identified only as a local private investor, and the buyer. Information about the buyer was not …