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 …
Read More »Delivery company lands in Ontario
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 …
Read More »Housing affordability remains a problem
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 …
Read More »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 …
Read More »Third-party logistics company to locate in Perris
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 …
Read More »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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