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Tag Archives: Real Estate

Nordstrom Rack to locate in Riverside

Nordstrom Rack to locate in Riverside

Nordstrom Rack has leased 30,000 square feet at a Riverside shopping center. The space at Canyon Springs Marketplace, a 183,000-square-foot facility next to the 60 Freeway, was formerly occupied by Bed, Bath & Bed, according to Progressive Real Estate Partners in Rancho Cucamonga. Details of the agreement were not released. …

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Ramona Plaza sells for $13.9 million

Sold Sign

Ramona Plaza, a 102,546-square-foot retail center in Hemet, has been sold. The project at 1300-1480 East Florida Avenue, sold for $13.9 million, according to a statement released by SRS Real Estate Partners’ National Net Lease Group, which helped negotiate the sale. SRS represented the seller, a Southern California-based investor whose …

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Statewide housing affordability drops

Nationwide housing prices take record jump

Twenty six percent of all Californians last year could afford a statewide, median-priced home of $786,750 , a two percent year-over-year drop, according to the California Association of Realtors. A minimum yearly income of $144,400 was needed to make monthly payments of $3,610 on a 30-year fixed-rate mortgage at a …

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Redlands retail center is sold

Sold Stamp

Progressive Real Estate Partners has completed the sale of a neighborhood retail center in Redlands. The Grove, sold for $8 million to a private investment group that owns similar commercial properties in Riverside County, according to a statement on Progressive’s website. Progressive represented the seller, who was from Los Angeles …

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Dermody signs Eastvale tenant

Leasing activity nearby doubled

Dermody Properties has leased a building to an undisclosed tenant at its LogistiCenter at Eastvale. The tenant, described only as a Fortune 500 company, will occupy building 6 at the project, according to a statement released earlier this week. At the tenant’s request, lease terms also were not disclosed, a company …

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