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Tag Archives: Real Estate

IE isn’t the only red-hot industrial market

housing market

Inland Empire industrial lease rates rose 24.1 percent year-over-year in the second quarter of this year, the second-highest increase of any U.S. submarket in that time, according to a report. Only Northern New Jersey, which recorded a 33.3 percent increase, was higher, according to a report released Thursday by CBRE. …

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Retail building sells for $3.2 million

building sold

A retail building at the Highland Village Shopping Center in Fontana has sold for $3.2 million. The structure, occupied by Sit ’n Sleep, covers 8,400 square feet and is next to Sprouts Farmers Market, the shopping center’s anchor tenant, according to a statement released yesterday by Hanley Investment Group Real …

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State housing market cools

State housing affordability improves slightly

Sales of existing single-family homes in California’s eased slightly in May, possibly the result of “buyer fatigue,” according to the California Association of Realtors. Overall sales were 445,600 in May, down 2.7 percent in April and up 86.7 percent year-over-year, the Los Angeles-based association reported Wednesday. At the same time, …

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Car wash sells for $6 million

Sold Sign

Progressive Real Estate has arranged the sale of a Temecula car wash. Rancho Car Wash at 27378 Jefferson Ave. sold recently for a little more than $6 million, according to a statement released today by the Rancho Cucamonga-based commercial real estate brokerage. Buyer and seller are both private investors based …

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Riverside self-storage facility changes hands

small business relief program

A self-storage company based in Ladera Ranch has purchased a facility in Riverside. SmartStop Self Storage Inc., a real estate investment trust, bought the self-storage operation at 6637 Van Buren Blvd. for an undisclosed sum, according to a statement. The property, which has been converted to a SmartStop, has 379 …

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