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High Desert attracts corporate development

Circle K, the international convenience store chain, and Chevron will develop projects on parcels they purchased recently in the High Desert. The properties, both of which are next to Interstate 15, sold for a combined $4.8 million, according to a statement released Monday by Progressive Real Estate Partners in Rancho …

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Corona industrial property sells

Industrial Market Stays Hot

A manufacturing-distribution facility in Corona has been sold. Alere Property Group LLC, a real estate investment firm in Newport Beach, bought the building for $12.1 million, CBRE has announced. The seller was 66 River Partnership LP, a development firm also in Newport Beach. CBRE represented both parties in the transaction, …

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Organ, tissue recovery facility to open in Redlands

OneLegacy, a nonprofit that arranges organ, eye and tissue transplants, will open a recovery facility in Redlands. The Los Angeles-based agency will move into a 40,000-square-foot building at 1701 Orange Tree Lane, said Ross Goldberg, spokesman for the organization. Work is expected to begin there March 21. The facility, which …

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Local home prices continue to rise

Home Prices Keep Increasing

Inland Empire home prices, including distressed sales, rose 7.9 percent in December year-over-year, according to data released this week. Prices were essentially unchanged compared with November, Irvine-based CoreLogic reported. Nationwide, home prices were up 6.6 percent between December 2017 and December 2016, and up 0.5 percent from November. “The number …

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Stater Bros. to be part of charity drive

Stater Bros. will again participate in the annual fundraising campaign conducted by The American Heart Association/American Stroke Association. “Life is Why We Give” is scheduled to begin Wednesday and last through Feb. 18, according to a statement by Stater Bros. Charities. All Stater Bros. patrons may purchase $1 or $5 …

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Moreno Valley apartment complex sold

Inland apartments part of major transaction

A 227-unit apartment complex in Moreno Valley has been sold. Mediterranean at Towngate sold for nearly $28 million, according to a statement released by CBRE. TruAmerica, a Los Angels-based company that renovates and repositions multifamily properties, was the seller. The buyer was New Standard Equities, a real estate investment and …

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