The owner of more than 300 industrial outdoor U.S. storage sites has added an Inland Empire facility to its portfolio. Alterra IOS has purchased a 15.2-acre operation in Jurupa Valley that is fully leased and has a concrete yard and a 26,000-square-foot maintenance facility, according to a statement. Cost of …
Read More »Progressive brokers out-of-state McDonald’s sale
Progressive Real Estate Partners in Rancho Cucamonga has helped negotiate the sale of a McDonald’s restaurant in Texas. The double drive-thru in Aubrey, Texas near Dallas-Fort Worth sold recently for $2.6 million, according to a statement on Progressive’s website. Progressive represented the buyer, a Southern California-based investor whose name was …
Read More »Eight-building apartment complex underway in Ontario
Construction has begun on a 346-unit apartment complex in Ontario. Legacy Partners in Foster City, which specializes in multifamily projects, and DWS Group, a global asset management company, are developing Legacy Ontario at 2510 S. Euclid Ave., according to a statement. The project will consist of eight, three or four-story …
Read More »Former Red Lobster location sold
A building in Montclair formerly occupied by a Red Lobster restaurant has been sold. The 6,200-square-foot structure at 9345 Monte Vista Ave. sold for $2.5 million, according to Progressive Real Estate Partners in Rancho Cucamonga. The seller, represented by Progressive, is a private investor in the San Gabriel Valley. The …
Read More »State housing market solid in November
California last month experienced its largest year-over-year increase in single-family home sales in more than three years, according to a report released Dec. 17. Sales of existing single-family homes in November reached 267,800, up 1.1 percent from October and 19.5 percent from November 2023, the California Association of Realtors reported. …
Read More »Industrial portfolio sold
An industrial portfolio that includes buildings in Chino and Pomona has been sold. Proficiency Capital LLC in Los Angeles recently bought McGee Business Center, which consists of one business park in each of those cities, according to a statement. The Chino facility at 12301-12395 Mills Ave. includes five buildings that …
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