A 260,000-square-foot warehouse-distribution center in Perris has been completed. The Patterson Distribution Center is located on 14 acres at Patterson Avenue and Nance Street near Interstate 215, according to Rockefeller Group, the project’s developer. Lee & Associates will market the property, which includes 145 parking spaces, 59 truck- trailer stalls and …
Read More »Retail properties sell for $20.7 million
Five retail parcels in Riverside have been sold for $20.7 million. The properties cover nearly 26,000 square feet at Citrus Landing, a recently remodeled 125,000-square-foot neighborhood shopping center, according to Hanley Investment Group in Corona Del Mar. The properties are at Van Buren Boulevard and Arlington Avenue and are occupied …
Read More »State housing affordability improves slightly
Sixteen percent of California households could afford a median-priced single-family home – $880,250 – during the quarter that ended Sept. 30, according to the California Association of Realtors. That was up from 14 percent during the second quarter and up 15 percent in the third quarter of 2023, the Los …
Read More »Four-building industrial portfolio changes hands
A four-building industrial portfolio that covers three Inland Empire cities has been sold for $201 million. Boston-based Cabot Properties bought each of the structures, which combined cover 669,000 square feet, from a private seller whose name was not released, according to a statement. All four buildings are fully occupied. Combined, …
Read More »Inland multifamily: occupancy flat, absorption up
The Inland Empire multifamily market had a 95.2 percent occupancy rate at the end of the third quarter, a slight increase – 0.5 percent – from the second quarter, according to CBRE. One thousand one hundred and thirty-six multifamily units were absorbed in Riverside and San Bernardino counties during the quarter …
Read More »Highland gas station, car wash sold
A Chevron station in Highland has been sold for $9.5 million. The facility, which includes an ExtraMile Convenience Store and Express Car Wash, is at 2798 Greenspot Road near the Highlands Crossing regional shopping center, according to Progressive Real Estate Partners in Rancho Cucamonga. The property was included in the …
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