IE Business Daily Business news for the Inland Empire.
An estimated 200 people attended NAIOP Inland Empire’s Industrial 2016 Kick Off Wednesday at Ontario Convention Center.
The event, an overview of the Inland Empire industrial market and how it’s likely to perform this year, was highlighted by a panel discussion moderated by Luis A. Belmonte, a partner with Seven Hills Properties in San Francisco and the former executive vice president of AMB Property Corp.
During a lively talk before the panel discussion, Belmonte admitted he is concerned about the turmoil in the Chinese economy and the affect it could have on the United States, and California in particular, if that trend continues.
“[The Inland Empire market] is hotter than a cheap pistol on a Saturday night, but the rest of the world isn’t doing so well,” Belmonte said. “I’m afraid there are lot of other factors out there that could cause another recession.”
Following the panel, brokers voted Renaissance Rialto, the master-planned project that is being developed by Lewis Community Developers and Hillwood, the most compelling transaction of 2015 in the Inland Empire.
