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Real Estate

Retail properties sell for $20.7 million

Retail properties sell for $20.7 million

Five retail parcels in Riverside have been sold for $20.7 million. The properties cover nearly 26,000 square feet at Citrus Landing, a recently remodeled 125,000-square-foot neighborhood shopping center, according to Hanley Investment Group in Corona Del Mar. The properties are at Van Buren Boulevard and Arlington Avenue and are occupied …

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State housing affordability improves slightly

State housing affordability improves slightly

Sixteen percent of California households could afford a median-priced single-family home – $880,250 – during the quarter that ended Sept. 30, according to the California Association of Realtors. That was up from 14 percent during the second quarter and up 15 percent in the third quarter of 2023, the Los …

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Four-building industrial portfolio changes hands

Sold Stamp

A four-building industrial portfolio that covers three Inland Empire cities has been sold for $201 million. Boston-based Cabot Properties bought each of the structures, which combined cover 669,000 square feet, from a private seller whose name was not released, according to a statement. All four buildings are fully occupied. Combined, …

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Inland multifamily: occupancy flat, absorption up

Inland multifamily: occupancy flat, absorption up

The Inland Empire multifamily market had a 95.2 percent occupancy rate at the end of the third quarter, a slight increase – 0.5 percent – from the second quarter, according to CBRE. One thousand one hundred and thirty-six multifamily units were absorbed in Riverside and San Bernardino counties during the quarter …

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Highland gas station, car wash sold

Highland gas station, car wash sold

A Chevron station in Highland has been sold for $9.5 million. The facility, which includes an ExtraMile Convenience Store and Express Car Wash, is at 2798 Greenspot Road near the Highlands Crossing regional shopping center, according to Progressive Real Estate Partners in Rancho Cucamonga. The property was included in the …

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Call center building is sold

building sold

A Rancho Cucamonga building that is used as a call center by Citizens Business Bank has been sold. The structure at 9337 Milliken Ave. was sold by the bank for $21.5 million to a private investor whose name was not released, according to a statement. The 47,700-square-foot building, which also serves …

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