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Retail site fetches $3.2 million

Sold Sign

A retail pad in Beaumont occupied by a Sherwin-Williams paint store has been sold for $3.2 million. The 4,000-square-foot property is at 1495 East 2nd Street next to San Gorgonio Village, a 78,000-square-foot shopping center, according to Woods Development Co., the project’s developer and now the former owner. Information about …

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Coffee drive-thru sells for $1.9 million

Sold Stamp

A drive-thru coffee restaurant in Beaumont has been sold for $1.9 million. Dutch Bros. Coffee Drive-Thru opened April 28 at Highland Springs Avenue and 8th Street and was sold the next day, according to Hanley Investment Group Real Estate Advisors in Corona del Mar. Hanley Investment represented Evergreen Development, the …

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Mortgage delinquencies stay low

U.S. home prices record annual decline

Only three percent of U.S. mortgages were in some stage of delinquency in February, down 0.4 percent year-over-year but a slight increase – 0.2 percent – from January, according to data released today. One point four percent of all mortgages were 30 to 59 days past due in February, unchanged …

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CVB Financial reports sold first quarter

CVB Financial reports earnings drop

CVB Financial Corp. reported net income of $59.3 million for the first quarter of 2023, down from $66.2 million for the fourth quarter of 2022 but up from $45.6 million year-over-year, according to data released last week. The Ontario-based financial institution also reported earnings of 42 cents per share for …

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