A Mobil gas station, convenience store and car wash in Colton have been sold for $5.2 million. Purchase of the facility at 130 W. Valley Blvd. included the businesses and the property they’re located on, according to Progressive Real Estate Partners in Rancho Cucamonga. Buyer and seller are both Inland …
Read More »Moreno Valley Dutch Bros sold
A Dutch Bros Coffee drive-thru in Moreno Valley has been sold for $2.6 million. The 950-square-foot restaurant at 23140 Hemlock Ave. was built last year, according to Hanley Investment Group in Corona del Mar. Hanley Investment Group represented the seller and developer, Evergreen Devco Inc, in Glendale, in the ground …
Read More »State housing market has solid finish to 2024
Statewide sales of existing single-family homes totaled 268,180 in December, essentially unchanged from November and up 19.8 percent compared with December 2023, according data released Jan. 17. December’s statewide median home price was $861,020, up 1.0 percent from November and up 5.0 percent from December 2023, when the median price …
Read More »West end props up Inland industrial market
The Inland Empire industrial market was a story of east versus west during the fourth quarter of 2023. The west end – Ontario, Rancho Cucamonga, Fontana – continued to improve in the last three months of the year, positive net absorption, declining vacancy and only slight declines in lease rates, …
Read More »IE office market has solid fourth quarter
The Inland Empire office market finished 2024 on a relatively strong note, with stable vacancy, positive net absorption and a steady average lease rate. Vacancy in Riverside and San Bernardino counties during the last three months of 2024 was 7.9 percent, essentially unchanged from the third quarter, according to CBRE. …
Read More »CAR to donate to fire victims
The California Association of Realtors will contribute $600,000 to two charities it sponsors to help victims of the recent Southern California wildfires. The Los Angeles-based trade association will donate $300,000 to its Disaster Relief Fund and $300,0000 to the National Association of Realtors’ Relief Foundation, according to a statement on …
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