A 122,000-square-foot industrial park in Jurupa Valley has been sold. San Diego-based Intersection Equities Inc. paid $19.5 million for Riverside Business Park, which runs parallel to the 60 Freeway near the I-215-91 interchange, according to a statement. The buyer was a partnership between Intersection and an affiliate of Blue Vista …
Read More »Perris retail building sells for $4 million
A Perris building occupied by Altura Credit Union and a Little Caesar’s drive-thru have been sold for $4 million. The seller was a private investment group in Orange County, and the buyer was a family in Riverside County, according to a statement released by Hanley Investment Group Real Estate Advisors …
Read More »Progressive negotiates fast-food lease
Progressive Real Estate Partners in Rancho Cucamonga has helped negotiate a lease for a drive-thru restaurant in Los Angeles County. The Habit Burger Grill will occupy a 2,366-square-foot pad/building in a strip mall at 1245 N. Grand Ave. across the street from Mt. San Antonio College in Walnut, according to …
Read More »State housing market bounces back
Sales of existing single-family homes in California reached 289,460 in May, up 9.8 percent from April but down 23.6 percent year-over-year, according to data released this week. The statewide median home price last month was $836,110, up three percent from April and down 6.4 percent from May 2022, the Los …
Read More »Montclair multifamily sells for $150 million
A 385-unit multifamily property in Montclair has been sold for $150 million. Archway Equities’ purchase of The Paseos at Montclair North is reportedly the largest multifamily transaction in Southern California this year, according to a statement. 4914 Olive Street Properties LLC was the seller. JLL represented the investment group in …
Read More »Retail site sold for $4.8 million
A Starbucks-anchored property in Riverside has been sold for $4.8 million. The one-acre parcel at 22420 Van Buren Blvd. is part of Veteran’s Plaza, a community shopping center, according to a statement. In addition to Starbucks, Express Gadget Repair, Jersey Mike’s and Desperate Measures, which sells accessories for hunters and …
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