Thursday , June 1 2023
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Real Estate

Lake Elsinore retail building sold

A multi-tenant retail building in Lake Elsinore has been sold. The 144,034 square-foot structure at Lake Elsinore Marketplace  – anchored by Costco, Lowe’s, Grocery Outlet, PetSmart, and Dollar Tree – sold for $3.7 million, according to a statement. Hanley Investment Group Real Estate Advisors, which buys and sells retail properties, …

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Industrial property sells for $2.6 million

Ontario-based Avison Young has announced the sale of a three-building industrial property in Perris for $2.6 million. The 13,100-square-foot property at 2282 Goetz Road was sold to a private investment group in Perris, the real estate brokerage said. The buyer, AJ Rental Inc. in Irvine, was represented by Cushman & …

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Riverside business park changes hands

Inland Empire Retail Properties Sold

A four-building business park in Riverside has been sold for just over $14 million. Commerce Square, a 128,912-square-foot project within Hunter Park, was bought recently by an undisclosed party, according to a statement released by Newmark Knight Frank. The project, which is 90 percent leased, is at 1550 Marlborough Ave. …

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Corona retail buildings change hands

Two multi-tenant retail buildings in Corona have been sold for $5.2 million. Tenants at the buildings, both part of The Shops at Village Grove Plaza, include dental care, dry cleaners, donut shop, liquor store, and hair and nail salons, according to a statement. Hanley Investment Group Real Estate Advisors, a …

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State housing market stages recovery

Home prices rise again

California’s housing market bounced back in June, with the median price of a single-family home hitting a record high, according to the California Association of Realtors. One month after the median price dropped below $600,000, it rose to $626,170 in June, a 2.5 percent year-over-year increase, the association reported recently. …

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Delinquent loans make a big jump

The number of delinquent loans in the United States grew to 6.1 percent in April, the highest level recorded since January 2016. Early-stage delinquencies – 30 to 59 days past due – were at 4.2 percent, up from 1.7 percent exactly one year earlier, CoreLogic reported in its monthly assessment …

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