Real Estate

An 18,000-square-foot building in Norco occupied by a Grocery Outlet has been sold. The property, at 1428 Sixth St, was exchanged for $6 million, according to a statement released by SRS Real Estate Partners’ National Net Lease Group.  SRS Real Estate represented the seller, a local developer whose name was not …

Nationwide home prices rose nearly six percent in August year-over-year, according to data released Tuesday. Consumers are continuing to purchase single-family homes despite COVID-19, which has helped keep mortgage rates low, Irvine-based CoreLogic reported in its monthly assessment of U.S housing prices. Inventory, however, continues to drop, falling 17 percent …

A self-service car wash has leased a 30,000 square-foot parcel near Ontario Mills. Fast5Xpress will set up shop on the property near the junction of Interstates 10 and 15, according to Progressive Real Estate Partners in a statement. Evergreen Devco in Glendale is the property owner. Financial details of the …

Progressive Real Estate Partners has negotiated the sale of a 1.2-acre commercial pad in Perris. The property, in the Ramona Marketplace at Ramona Expressway and Brennan Avenue, sold for $1.3 million, according to a statement posted on Progressive’s website. The parcel, designed for a drive-thru tenant, is the last property …

California’s housing market continued to improve in August, as sales of single-family homes reached their highest point in more than 10 years. Existing, single-family home sales were 465,400 in August, up 6.3 percent from July and up 14.6 percent from August 2019, according to the California Association of Realtor’s monthly …

A Starbucks drive-thru in Lake Elsinore has sold for $3.8 million. Pacific Capital, a financial advisor with offices in Corona and Newport Beach, was the seller, according to a statement. The buyer was a West Covina-based investor whose name was not released.  Hanley Investment Group represented the seller. The buyer …