Real Estate

A Corona building formerly occupied by Food 4 Less has been sold. The structure at 109 N. McKinley St. sold for $4.7 million, Progressive Real Estate Partners in Rancho Cucamonga announced in a statement Wednesday. The buyer, Expert Hardwood Flooring, plans to use the 55,000-square-foot building as a wholesale distribution …

A three-building medical office complex in Redlands has sold for $18.3 million. The Park Plaza Medical Campus at 1776, 1782 and 1790 Park Ave. was sold by Cypress West Partners in Rancho Santa Margarita, according to CBRE. Cypress West owns and operates medical office properties throughout the western United States. …

A long-planned annexation of more than 4,000 acres of mostly open space, something the city has tried to do for 40 years, finally happened in December. Plans call for some single-family homes and light commercial development on the property, but mostly city officials want to preserve the area’s rural feel. …

The Inland Empire office market put up some decent numbers during the last three months of 2020, according to data released this week. Average lease rates rose to $1.92 per square foot, a two percent increase compared with the fourth quarter of 2019, according to Newmark, the global commercial real …

The Inland Empire industrial market continued to post strong numbers during the fourth quarter. Vacancy during the last three months of 2020 was 3.1 percent, down from 3.6 percent in the third quarter and 4.6 percent year-over-year, according to a report released by Voit Real Estate Services. That increase, impressive …

A neurology clinic in Murrieta will move within the city later this year. Innovative Neurology has purchased a 1,800-square-foot retail office building at 24671 Monroe Ave. and will move into the building once renovations are finished, said Scott Forest, a senior vice president with WestMar Commercial Real Estate in Temecula. …