Monday , February 26 2024
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Real Estate

Temecula retail center sells for $7.1 million

Inland Empire Retail Properties Sold

A Starbucks-anchored retail center in Temecula has been sold. The Shops at Gateway to Temecula, an 8,325-square-foot retail center with multiple tenants, sold for $7.1 million, according to a statement. The seller, Pacific Real Estate of Corona, was represented by Hanley Investment Group, who announced the sale. The buyer, a …

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Electronics firm leases Eastvale industrial building

A 276,000-square-foot logistics facility in Eastvale has been leased to a single tenant. Newegg, an online retail company that specializes in computers, cameras and other electronic items, has signed a 100-month lease to occupy the building at 2653 S. Milliken Ave., according to a statement. Financial terms were not disclosed. …

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Upland office project sold

An office property in Upland has sold for $10.25 million. Stewart Plaza, a two-building complex at 400 to 440 Mountain Ave., was purchase by Harbor Investments in Long Beach, CBRE announced in a statement. The seller was a private investor whose name was not released. Stewart Plaza covers 84,500 square …

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Home prices rise at fast clip

Home Prices Increase

Home prices nationwide increased 6.7 percent in September compared with September 2019, according to data released Tuesday. That was the fastest year-over-year acceleration in the prices of single-family homes and condominiums since May 2014, Irvine-based CoreLogic reported in its monthly assessment of the U.S. housing market. Nationwide home prices increased …

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Desert senior community sold

A multifamily community in Palm Desert that caters to seniors has been sold. The 30-year-old development at 73625 Catalina Way, sold recently for $3.8 million, according to CBRE. Buyer and seller were private parties whose names and places of business were not released. CBRE represented both in the negotiations. “This is …

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Furniture distributor to move to Hesperia

Modway Inc., a furniture distribution company, will open a logistics facility in Hesperia that will employ 200 people. The warehouse-distribution building, which is expected to begin operating in the fall of 2021, will cover one million square feet at Interstate 15 and U.S. Route 395, according to a statement. It …

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