A retail building at Orangecrest Plaza in Riverside has been sold for $4.6 million. The structure at 19530 Van Buren Blvd. covers nearly 9,000 square feet and is part of the only grocery-anchored center that serves the Orangecrest community, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive represented …
Read More »Next phase of affordable housing development in Riverside is underway
The second phase of an affordable housing project for low-income families and elderly people is under construction in Riverside. The 209-unit Mulberry Gardens is being developed in the 2500 block of Mulberry Street, on four-acres once used by Cal Fire, according to multiple reports. Eden Housing, a nonprofit in Hayward, …
Read More »State, local housing market has strong October
The state’s housing market had a solid October, with sales up month-over-month and year-over-year, according to a report. Sales of existing, single-family homes totaled 282,590 in October on a seasonally adjusted annualized rate, up 1.9 percent from in September, and up 4.1 percent from October 2024, the California Association of …
Read More »Massive Fontana logistics building sold
A 1.2 million-square-foot warehouse-distribution building in Fontana has been sold. Bridge Logistics Properties, a investment management company that operates nationwide, bought the structure at 10681 Production Ave. for an undisclosed sum, according to a company statement. The transaction, one of the largest in the Inland Empire this year, involved one …
Read More »7-Eleven store sold before it opens
A soon-to-open 7-Eleven and fueling station in Yucaipa has been sold for $3.6 million. The project at 11361 Bryant St. is next to a Stater Bros.- anchored shopping center and is expected to open in December, according to Hanley Investment Group in Corona Del Mar. Hanley Investment and Lee & …
Read More »Inland retail market has steady quarter
The Inland Empire retail market held its ground during the third quarter, adding space and posting a modest increase in net absorption. Two hundred eight thousand square feet of retail space was added during the third quarter, nearly triple the 77,000 square feet that came online during the second quarter, …
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IE Business Daily Business news for the Inland Empire.