Wednesday , April 17 2024

Real Estate

Perris logistics facility sells

Industrial real estate market

Harvill Business Center, a logistics facility in Perris, has been sold. The 423,665-square-foot operation at 20123 Harvill Ave. was sold to Black Creek Group, a Denver-based real estate investment management firm, according to a statement released today. Core5 Industrial Partners in Atlanta, a developer of industrial properties, was the seller. …

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Walgreens building is sold

Sold Sign

A Rialto building occupied by a drive-thru Walgreens has been sold. The 14,410-square foot structure at 918 E. Foothill Blvd. sold for $8.7 million to a private investor, CBRE announced today. The sale price worked out to $605 per square foot. The final price was the most paid for a …

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Home prices remain high

U.S. home prices reached their highest annual gain in nearly 15 years in February, as demand continues to overwhelm supply. Nationwide, the price of a single-family home rose 10.4 percent last month compared with February 2020, the largest year-over-year increase since April 2006, Irvine-based CoreLogic reported today. Home prices are …

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Palm Springs tells developers to finish their hotels

The construction of four hotels in Palm Springs has languished, leaving the city to threaten each developer with legal action if that doesn’t change. All four properties are hurting nearby businesses, according to city officials.   Palm Springs already has more than its share of hotels, and it’s trying to …

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IE leads all industrial markets

IE manufacturing

The Inland Empire had more large industrial projects in 2020 than any other major North American market, according to CBRE. Approximately 42.5 million square feet of warehouse-distribution projects at least 200,000 square feet were completed in Riverside and San Bernardino Counties last year, CBRE stated in a report declared today. …

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Wingstop to land in MoVal

Wingstop, the aviation-themed restaurant that specializes in classic and boneless wings, will set up shop in Moreno Valley. The Dallas-based chain has leased 1,400 square feet at the Towngate Promenade, 12620 Day St., and expects to open this summer, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive represented …

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