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Real Estate

Leases signed at Beaumont shopping center

Dermody signs Eastvale tenant

Four tenants at San Gorgonio Village in Beaumont have signed leases. Grocery Outlet, which opened last year, and Planet Fitness, which opened last month, both signed 10-year leases to locate at the recently developed shopping center, SRS Real Estate Partners in Newport Beach announced Wednesday. Sherwin-Williams, which will open a …

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Delivery company lands in Ontario

Dermody signs Eastvale tenant

An e-commerce delivery company has leased industrial space in Ontario. Lake Forest-based Banyan Imports, which delivers products worldwide, will occupy 203,400 square feet at 3551 E. Philadelphia St., according to a statement. The building is part of the California Commerce Center. Newmark represented the landlord in the negotiations, while Banyan …

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Housing affordability remains a problem

Mortgage Charts

Twenty seven percent of California households could afford the median price of a single-family home – $720,490 – during the first quarter of 2021, a 35 percent year-over-year drop, the California Association of Realtors reported Tuesday. An annual income of $131,200 was needed to make monthly mortgage payments of $3,280, based …

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Mortgage delinquencies rise

Five point seven percent of all U.S. mortgages were delinquent in February, according to data released this week. That number, which represents multiple stages of delinquency, was a 2.1 percent increase from February 2020, Irvine-based CoreLogic reported. Early stage delinquencies – 30 to 59 days past due – were at …

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Third-party logistics company to locate in Perris

IE manufacturing

A third-party logistics company has leased a 400,000-square-foot industrial building in Perris. Kenco Logistics Services will serve multiple clients out of the building at 1301 Harley Knox Blvd., according to a statement released Tuesday. The structure, which includes 4,650 square feet of office space, is part of the Perris Gateway …

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Progressive negotiates AV sale

Progressive Real Estate Partners has negotiated the sale of a 5,000-square-foot retail building in Apple Valley. The building, at 20152 U.S. Highway 18, sold for $1.3 million in an all-cash transaction, the Rancho Cucamonga-based commercial real estate brokerage announced today. Recently renovated, part of the building is occupied by Little …

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