Tag Archives: Real Estate

A real estate investment trust in Chicago has purchased three vacant parcels in Perris, where it plans to build an industrial project. First Industrial Realty Trust Inc. will develop a 315,000-square-foot warehouse-distribution project on the 16.2-acre site, according to a statement released by Avison Young, the Toronto-based commercial real estate …

Three point eight percent of all mortgages nationwide were in some stage of delinquency in July, according to data released Tuesday. That was a 0.3 percent decline year over year, Irvine-based CoreLogic announced in its monthly Loan Performance Insights Reports. “Delinquency” is defined as 30 days or more past due, …

Progressive Real Estate Partners in Rancho Cucamonga has completed the sale of a preschool in Arizona. Sunrise Preschool in Goodyear, which has been in business for more than 20 years, recently sold for $3.3 million, according to a statement. Brad Umansky, president of Progressive Real Estate, and Mike Lin, the …

A Desert Hot Springs office building leased by Riverside County has been sold for $11.3 million. Pierson Plaza, a 38,000-square-foot structure at 65753 Pierson Blvd., was purchased in a 1031 exchange by a Palm Springs real estate investment company whose name was not released, CBRE announced Monday. The seller was …

Toronto-based Avison Young has arranged an exchange of four high-end properties in Southern California, including two in the Inland Empire. The 1031 exchange was worth $26.9 million, according to a statement. Properties included 66 apartment units and a mobile-home park scattered throughout Southern California. All of those were traded for …

Ground has been broken on an industrial project in Moreno Valley that will cover more than 200,000 square feet. The Centerpointe Commerce Center, a warehouse-distribution facility, is being built without a signed tenant, according to Rockefeller Group, the New York company that is building the project. Rockefeller Group bought the …