A Corona power center has obtained $140 million in new financing. Crossings at Corona, at the northeast corner of Interstate 15 and Cajalco Road, is next door to a Target store and is sub-anchored by Marshall’s, Kohl’s, Ross, HomeGoods, Sportsman’s Warehouse, Burlington, and Edward’s Theatre, among other national retail and …
Read More »State housing market is solid in October
Sales of existing single-family homes in California reached 264,870 units in October, a 4.7 percent increase from September and up 9.5 percent year-over-year, according to a report. Statewide, the median price of a single-family home was $888,740, up 2.4 percent from September and up 5.8 percent from $839,990 in October …
Read More »Major warehouse-distribution facility slated for Perris
A San Francisco-based developer will build an 855,330-square-foot warehouse-distribution facility in Perris. Perris Gateway, will be at the southeast corner of Ramona Expressway and Nevada Road next to Interstate 215, according to DECA, the project’s developer. The project’s first phase, approximately 27,000 square feet of retail space, began construction in …
Read More »Perris distribution center is completed
A 260,000-square-foot warehouse-distribution center in Perris has been completed. The Patterson Distribution Center is located on 14 acres at Patterson Avenue and Nance Street near Interstate 215, according to Rockefeller Group, the project’s developer. Lee & Associates will market the property, which includes 145 parking spaces, 59 truck- trailer stalls and …
Read More »Retail properties sell for $20.7 million
Five retail parcels in Riverside have been sold for $20.7 million. The properties cover nearly 26,000 square feet at Citrus Landing, a recently remodeled 125,000-square-foot neighborhood shopping center, according to Hanley Investment Group in Corona Del Mar. The properties are at Van Buren Boulevard and Arlington Avenue and are occupied …
Read More »State housing affordability improves slightly
Sixteen percent of California households could afford a median-priced single-family home – $880,250 – during the quarter that ended Sept. 30, according to the California Association of Realtors. That was up from 14 percent during the second quarter and up 15 percent in the third quarter of 2023, the Los …
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