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Real Estate

Inland Empire tops the list of largest U.S. warehouse deals

The closest market is 10 million square feet behind Riverside and San Bernardino counties, according to a report. The Inland Empire was the heavyweight champion of large warehouse-distribution center lease deals in 2019. Twenty one of the 100 largest industrial transactions in the United States last year happened in Riverside …

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Temecula retail properties carry multi-million dollar price tag

A pair of retail centers in Temecula have sold for a combined $26.1 million. Bel Villagio I-II and Bel Villagio III, a mix of restaurants, “daily use” goods and other retail, has been sold to Poincare Group LLC, according to a statement. The seller was Pathfinder Partners, a private real …

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Model home display scheduled

A display of model homes will be held Saturday at Nova, a neighborhood to be built in southeast Rancho Cucamonga. Nova, which is being developed by The New Home Company, will consist of 135 three-story townhomes and single-stacked flats, according to a statement. It will be part of The Resort, …

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Perris site to be “spec” industrial project

A 9.5-acre site in Perris has been sold to a logistics company that plans to build a warehouse-distribution facility there. Dedeaux Properties in Commerce paid $2.2 million for the property at 5150 Walnut Ave., according to a statement released by Avison Young Ontario, which negotiated the transaction. The seller was …

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Retail properties in downtown SB change hands

A commercial real estate company in Orange County has purchased two occupied retail buildings in San Bernardino. Wood Investments Cos. Inc. bought Food 4 Less and Ross Dress for Less,  both in the 500 block of West 2nd Street, the heart of the city’s downtown, according to a statement. The …

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State home prices post strong September gains

Local, National Home Prices Continue to Increase

Sales of existing single-family homes in California totaled 398,880 in December, a 7.4 percent increase year-over-year, according to a report. Statewide, the median price of a single-family home during the last month of 2019 was $615,090, up 10.3 percent from December 2018, the California Association of Realtors reported recently. “Despite …

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