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Tag Archives: Real Estate

Restaurant building sells for $3.5 million

A Fontana building occupied by a Raising Cane’s Chicken Fingers fast-food restaurant has been sold. The single-tenant structure at 16988 S. Highland Avenue sold for $3.5 million, according to Hanley Investment Group Real Estate Advisors in Corona Del Mar. The restaurant sits on approximately one-half acre and is part of …

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Riverside retail building fetches $5.3 million

An 18,000-square-foot freestanding building in Riverside occupied by a Grocery Outlet Bargain Market has been sold for $5.3 million. The year-old property at 3490 Madison St. next to the 91 Freeway, was sold to a Newport Beach physician whose name was not released, according to SRS Real Estate Partners’ National …

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Claremont Auto Center to add dealership

Moreno Valley Lands Auto Dealership

An investment group has purchased 4.4 acres at the Claremont Auto Center that will be used for expansion. The property, at 667 Auto Center Drive, was sold by Brandywine Homes to Claremont Holding Co. LLC for an undisclosed sum, according to a statement. Avison Young, the Toronto-based global real estate …

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New Corona Class A industrial building sold

CapRock Partners, a California-based industrial real estate investment and development firm, recently announced the completion and sale of Temescal Valley Commerce Center. The 140,000-square-foot Class A industrial building sold to Calif. Brothers International Deserts, Inc., a Southern California-based ice cream manufacturer, for an undisclosed amount. The building sits on 9.42 …

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Single-tenant retail building changes hands

A building that is home to a Baskin Robbins and a Dunkin’ (formerly Dunkin’ Donuts) in the High Desert has been sold. The 2,600-square-foot structure at 2804 Lenwood Road in Barstow sold for $2.6 million, or roughly $1,000 per square foot, Hanley Investment Group Real Estate Advisors announced in a …

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Mortgage delinquencies decline in most markets

Local Foreclosures Keep Dropping

About 4.1 percent of all mortgages nationwide were in some stage of delinquency – including foreclosure – during December, a year-over-year drop of 1.2 percent, according to data released Tuesday. The nation’s foreclosure inventory rate, which measures the share of mortgages in some state of foreclosure, was 0.4 percent in …

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