The average price of a single-family home rose 5.3 percent nationwide in March, the 46th consecutive month of year-over-year growth, according to data released this week. Prices are expected to rise between 3.7 percent and 5.6 percent during the next 12 months, Irvine-based CoreLogic reported in its Home Price Index …
Read More »Desert shopping center sold
A 162,000-square-foot shopping center in Rancho Mirage has been sold. Rancho Las Palmas, which sits on 15 acres at at 42240-42540 Bob Hope Drive, was sold recently for an undisclosed sum, according to a statement. DRA Advisors, a New York-based real estate investment company, and Paragon Commercial Group, a retail …
Read More »Restaurant opens at ONT
Ontario International Airport has added a restaurant. Mi Casa Cantina opened recently in Terminal 4, part of the airport’s ongoing expansion and upgrade of its food and beverage operations, according to a statement on the airport’s website. The Ontario International Airport Authority is undertaking that transformation with SSP America, which …
Read More »San Manuel donates $500,000 to Riverside medical clinic
The San Manuel Band of Mission Indians has donated $500,000 to a Riverside medical clinic operated by UCR Health that assists homeless people. The Hulen Place Clinic provides primary care, mental health services, immediate non-emergency medical services and preventive medical care, among other services, according to a statement on the …
Read More »San Bernardino industrial property sold
A 340,000-square-foot industrial facility in San Bernardino has been sold. Dallas-based Dalfen Industrial bought the project at 4982 Hallmark Parkway from Bixby Land Co. in Newport Beach, according to a statement. Cost of the transaction was not disclosed. JLL represented both parties in the negotiations. The warehouse-distribution facility is fully …
Read More »Progressive negotiates LA retail sale
Progressive Real Estate Partners in Rancho Cucamonga has negotiated the sale of a Los Angeles strip mall. The 7-11-anchored facility at 728 W. Vernon Ave. sold for $3.5 million in an all-cash transaction, according to Progressive. The buyer and seller were both private investors in Los Angeles County whose names …
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