Norco Valley Square would bring much-needed residential units, and possibly a hotel, to the city that takes great pride in its rural atmosphere. But some residents don’t like that idea, and the planning commission agrees with them. An appeal to the city council has been filed. A 19-acre commercial and …
Read More »Two apartment complexes sell in Colton
CBRE has negotiated the sale of two multifamily properties in Colton. Reche Ridge at 2270 Cahuilla St., and 1333 Canyon at 1333 Reche Canyon Road, sold for a combined $41 million in an off-market transaction, according to a statement released by the commercial real estate brokerage Wednesday. The buyer was …
Read More »Inland broker helps with sale of Arizona preschools
Progressive Real Estate Partners in Rancho Cucamonga has negotiated the sale of six preschools in Arizona. The Sunrise Preschools – two in Mesa and one each in Phoenix, Tempe, Chandler and Glendale – changed hands for a combined $16.9 million, according to a statement on Progressive’s website. Average price per …
Read More »Lewis Retail continues work on Nevada project
Lewis Retail Centers has started construction on a building at a major retail project it’s developing in Nevada. The structure, which is 60 percent pre-leased, will cover 13,200 square feet at the Damonte Ranch Town Center in South Reno, according to a statement on the Upland-based company’s website. It will …
Read More »Median home price reaches $800,000 in California
The median price of a single-family home in California reached $800,000 in April, the first time the state’s housing market has reached that height. Strong demand, and a shortage of homes for sale, caused the market to hit that mark, according to data released this week by the California Association …
Read More »Leases signed at Beaumont shopping center
Four tenants at San Gorgonio Village in Beaumont have signed leases. Grocery Outlet, which opened last year, and Planet Fitness, which opened last month, both signed 10-year leases to locate at the recently developed shopping center, SRS Real Estate Partners in Newport Beach announced Wednesday. Sherwin-Williams, which will open a …
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