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Real Estate

Fontana shopping center sold

Sold Sign

A Fontana retail center with no anchor tenants has sold for $2.8 million. Shops at Fontana Square was sold by a private investor in Arizona to another private investor from Southern California, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive represented the seller and Dolly Realty-Property Management in …

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Medical office buildings in Corona change hands

building sold

A pair of medical office buildings in Corona have sold for $4.2 million. The vacant buildings at 818 and 830 Magnolia Ave. sold for $2.1 million each to separate local physicians whose names were not released, according to a statement released by Avison Young. Both doctors plan to use part …

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Former Food-4-Less changes hands

building sold

A Corona building formerly occupied by Food 4 Less has been sold. The structure at 109 N. McKinley St. sold for $4.7 million, Progressive Real Estate Partners in Rancho Cucamonga announced in a statement Wednesday. The buyer, Expert Hardwood Flooring, plans to use the 55,000-square-foot building as a wholesale distribution …

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Medical office complex sells for $18.3 million

Sold Sign

A three-building medical office complex in Redlands has sold for $18.3 million. The Park Plaza Medical Campus at 1776, 1782 and 1790 Park Ave. was sold by Cypress West Partners in Rancho Santa Margarita, according to CBRE. Cypress West owns and operates medical office properties throughout the western United States. …

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Rancho Cucamonga gobbles up some land

A long-planned annexation of more than 4,000 acres of mostly open space, something the city has tried to do for 40 years, finally happened in December. Plans call for some single-family homes and light commercial development on the property, but mostly city officials want to preserve the area’s rural feel. …

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Inland office market treads water

The Inland Empire office market put up some decent numbers during the last three months of 2020, according to data released this week. Average lease rates rose to $1.92 per square foot, a two percent increase compared with the fourth quarter of 2019, according to Newmark, the global commercial real …

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