Sales of single-family homes and condominiums in Southern California took a steep year-over-year drop in February, continuing a trend that began nearly one year ago. A total of 13,466 new and existing houses and condos were sold in the six-county region last month, the lowest for the month of February …
Read More »Perris retail center sells
A multi-tenant retail center in Perris has been sold. Shops at Ramona Expressway, a 9,800-square-foot project, was sold to a private investor in Monterey Park for $3.5 million, according to Progressive Real Estate Partners in Rancho Cucamonga The seller was a Riverside-based investor who was represented by REeBroker Group. Both …
Read More »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 …
Read More »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 …
Read More »Claremont Auto Center to add 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 …
Read More »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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