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Chino retail property sold for $7 million

building sold

A retail parcel in Chino occupied by a 7-Eleven and a Laredo Taco Company has been sold for $7 million in an all-cash transaction. The property in the 15600 block of Hellman Avenue is part of The Preserve, a 5,400-acre master-planned community, according to Hanley Investment Group Real Estate Advisors …

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Prediction: state home sales, prices will rise next year

Sales of existing single-family homes in California are expected to reach 274,400 units in 2026, a two percent increase on last year’s projection if that forecast proves to be true, according to one of the state’s largest real estate trade groups. The state’s median home price is expected to rise …

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California looks to regulate short-term rental units

Cities will have a way to enforce their regulations on short-term residential unit if a bill co-sponsored by the League of California Cities becomes law. SB 346, which has passed the state Senate and Assembly, will also allow cities to collect the property tax owed to them and remove illegal …

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ONT’S passenger, cargo numbers stay solid in August

ONT looks to make International travel easier

Passenger and cargo volume at Ontario International Airport rose slightly in August, according to data released Sept. 18. The airport accommodated 646,820 passengers last August, an increase of 0.5 percent from August 2014, while handling more than 69,000 tons of cargo, a one percent increase during that time, the airport …

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Chaffey College to open academic building

Southwest Riverside County needs a four-year college degree, group says

Chaffey College will hold a ribbon-cutting ceremony at its newest classroom building on its Chino campus. The 35,000-square-foot Chino Instructional Building includes a nursing lab, classrooms, offices, learning spaces geared to technology and indoor and outdoor event spaces, according to a statement released by the school. The building at 5897 …

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Zhang returns to CBRE

Dennis Zhang, a veteran retail and industrial broker, has come back to CBRE. Zhang, most recently a senior vice president with Lee & Associate Ontario, now holds the same title at CBRE Ontario, according to a statement. “We are thrilled to welcome Dennis back to the CBRE family,” said Ian …

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