Friday , April 19 2024
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Real Estate

Eastvale industrial project sells

Three fully-leased industrial buildings in Eastvale have been sold. The structures, at 6285-6330 Providence Way, were sold for an undisclosed amount to LBA Realty LLC, a real estate investment and management company in Irvine, according to statement released by CBRE. Orbis Real Estate Partners in Newport Beach and Chase Partners, …

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Southern California, Inland home sales drop

Southern California home sales fell 11.8 percent year over year in June, according to data. In all, 22,706 new and existing houses and condominiums changed hands in the six county region – the Inland Empire plus Los Angeles, Orange, San Diego and Ventura counties – last month, Irvine-based CoreLogic reported. …

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Rialto DC sold

Warehouse Deal Approved As Property Values Drop.002

A 130,600-square-foot warehouse-distribution center in Rialto has been sold. The property, at 360 S. Lilac Ave., sold for $11.4 million, according to buyer Westcore Properties, a global commercial real estate firm. The seller was Legacy Ranch Inc. The transaction was announced Tuesday. Westcore plans to spend about $1.5 million upgrading …

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IE office market has solid quarter

office building gets tenants

The Inland Empire office market posted a strong second quarter, absorbing 178,784 square feet of space while its vacancy rate fell to 9.9 percent, the region’s lowest rate in 11 years according to data. Ontario, with 123,506 square feet, accounted for a little more than half of the Inland region’s …

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Business par sells

Montclair Business Center, a 96,300-square-foot facility at 4650 Arrow Highway, has sold for $13.7 million, according to a statement. Both the buyer and seller were private investment groups, according to Avison Young, the global commercial real estate firm that represented the seller in the negotiations. Built in 1980, the business …

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Inland region can’t stop adding industrial space

Industrial properties sold

The Inland Empire industrial market stayed hot in the second quarter, adding 9.7 million square feet of space during that time. That continued a trend that began last year, when 22 million square feet of industrial space was added in Riverside and San Bernardino counties, according to data by Voit …

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