Real Estate

An apartment complex in Menifee has sold for $6.5 million. The 34-unit community at 28378 Encanto Drive was purchased recently by a private investor whose name was not released. The seller also wished to remain anonymous. CBRE represented both parties. Built in 1992, the complex is on nearly three acres. …

The California State Teachers’ Retirement System has purchased an 11-building industrial portfolio in the Inland Empire for $320 million. Forty five percent of the properties are either leased or their owners have agreed to terms, according to a statement released by Crow Holdings, a Dallas real estate investment and development …

Two well-known fast-food chains have agreed to locate in Perris. KFC and Little Caesars Pizza will lease 2,200 and 1,400-square-feet, respectively, at the Spectrum Center, according to a statement released this week by Progressive Real Estate Partners in Rancho Cucamonga. Progressive Real Estate represented the landlord, Atlas Properties in Laguna …

The Inland Empire industrial market stayed red hot during the first quarter, fueled by the demand for e-commerce created by the pandemic, according to data released today. Vacancy fell to 2.73 percent during the first three months of 2021, despite a number of speculative projects that came on the market …

The District at Grand Terrace, a 352-unit apartment complex in Colton has been sold for $88 million. Tower 16 Capital Partners in San Diego, which spent two years and $2.6 million renovating the property, was the seller, according to statement released today. The buyer was MG Partners, a San Diego-based …

Harvill Business Center, a logistics facility in Perris, has been sold. The 423,665-square-foot operation at 20123 Harvill Ave. was sold to Black Creek Group, a Denver-based real estate investment management firm, according to a statement released today. Core5 Industrial Partners in Atlanta, a developer of industrial properties, was the seller. …