Real Estate

The former Scandia Fun Center in Ontario will soon be no more. Bridge Development Partners LLC in Chicago announced recently that it has purchased the property at 1155 S. Wannamaker Ave., which it plans to demolish and replace with two industrial buildings, according to a statement. The buildings, which are …

A 71-unit senior complex in Ontario has been sold. Bernardine Senior Independent Living sold to a private investment group in Los Angeles whose name was not released for $6.7 million, or approximately $95,400 per unit, according to a statement. The seller was identified  only as an Inland Empire acquisition group. …

Office vacancy in the Inland Empire fell to 8.5 percent during the first quarter, its lowest percentage since the first quarter of 2006, according to data released Wednesday. The east end led in absorption gains, while the west side – Ontario, Rancho Cucamonga, Fontana, Mira Loma – sustained a seven …

The Inland Empire’s industrial sector showed no signs of slowing during the first three months of 2019, according data released this week. Vacancy fell to 4.5 percent, down from 8.2 percent year-over-year, Voit Real Estate Services’ reported in its first quarter analysis of the Inland industrial market. The two-county region …

A fourth neighborhood at a gated community in Corona opened Saturday. Parson is a collection of 80 single-family court homes that makes up Bedford, which will include 1,600 homes when it’s completed, according to a statement. Master developer The New Home Co., along with Tri Pointe Homes and Woodson Homes, …

Two retail buildings at a Walgreens-anchored neighborhood shopping center in Ontario have been sold in separate transactions. Both transactions were brokered in part by Hanley Investment Group Real Estate Advisors, a national retail investment advisory firm, according to a statement. The first, a 13,381-square-foot building fully occupied by O’Reilly Auto …