A food manufacturer has bought a high-tech food production facility in Perris. RM5 Holdings, LLC, an entity of Jimenez Foods Inc., paid $8.09 million for the building at 20343 Harvill Ave., according to Avison Young. The seller, represented by Avison Young, was a pet food manufacturer whose name was not …
Read More »Maker of auto suspension products expands to Perris
A Lake Elsinore company that makes automotive suspension products has purchased an industrial building in Perris. Carli Suspension plans to use the building at 3468 Webster Ave. for manufacturing, according to Avison Young Ontario, which represented the company in the sale negotiation. The seller, KSN Holdings, Inc., was represented by …
Read More »Riverside food processing company changes hands
Westcore, a San Diego company that buys and manages industrial and office real estate, has purchased a manufacturing facility in Riverside. The building, which covers 133,825 square feet, sold for $15.4 million, according to a statement released by Westcore. Triple H Properties sold the building for $15.4 million. Triple H …
Read More »Inland industrial market well positioned for 2021
The worst health crisis in anyone’s memory couldn’t slow things down, so there’s no reason to think the market won’t hold its own this year, and probably beyond that. It seems like nothing is able to slow the Inland Empire’s industrial market, not even the worst public health crisis in …
Read More »Home prices keep rising, as supply remains an issue
Home prices nationwide increased 7.3 percent year-over-year in October, the fastest 12-month appreciation since April 2014, according to data released Tuesday. Month-over-month, that figure was 1.1 percent, Irvine-based CoreLogic reported in its monthly assessment of the U.S. housing market. Prices rose because of increased demand and not enough supply, and …
Read More »Local real estate broker helps with out-of-state school sale
Progressive Real Estate Partners in Rancho Cucamonga has helped broker the sale of a preschool in Glendale, Ariz. Sunrise Preschool sold for $2.5 million in an all-cash transaction, according to a statement posted on Progressive’s website. Progressive, along with S.J. Fowler Real Estate in Mesa, Ariz., represented the seller, an …
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