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Tag Archives: Real Estate

Class A Temecula office building sold

An office building in Temecula has sold for $5.1 million. MIG Real Estate in Newport Beach sold the 35,258 square-foot structure to a private investor whose name was not released, according to CBRE. The building, at 1 Ridgeway Drive, was built in 2003 and is occupied by 15 tenants in …

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Fontana retail building, car wash change hands

A multi-tenant retail building and car wash in Fontana has been sold for $7.5 million. The building, at 16914 South Highland Ave., was completed and has three tenants: Pacific Dental Services, Arrowhead Credit Union and MJ Nail & Spa, according to Hanley Investment Group. Adler Realty Investments, Inc. in Woodland …

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Chino industrial building sells

A 3.9-acre parcel in Chino that includes two industrial buildings has been sold. The property, at 3612 and 3638 Philadelphia St., changed hands for an undisclosed sum, according to Alison Young, which help arrange the sale. The seller was based in Phoenix, the buyer in the Inland Empire. Further information …

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State housing market takes a major hit

“Underwater” Home Decline

Sales of existing single-family homes in California fell 41.4 percent last month, as the full impact of COVID-19 hit the state’s housing market. That year-over-year decline brought the state’s housing market to its lowest point since the Great Recession and marked the second consecutive month that home sales were under …

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Home equity posts solid gains

U.S. homeowners with mortgages saw their equity increase an average of 6.5 percent during the first quarter of this year compared with the first quarter of 2019, according to data. Nationwide, homes with outstanding mortgages – about 63 percent of the market – have gained roughly $590 billion in equity …

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Vitamin maker lands in Norco

A vitamin manufacturing company has leased four industrial buildings in Norco, where it expects to employ more than 600 people. Goli Nutrition, maker of Gummy Vitamins, will occupy four buildings at 3300-3390 Horseless Carriage Drive that combined cover more than 425,000 square feet, said Paul Earnhart, a senior vice president …

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