Real Estate

The Inland Empire industrial market sustained a 14 percent drop-in lease rates during the fourth quarter of 2024, one of five major industrial markets to experience a double-digit decrease during that time. The Empire region also recorded 46 million square feet of new leases during the last three months of …

A three-building industrial park in Jurupa Valley has been sold. Miramar Capital, a commercial real estate investment firm in Los Angeles, paid $86 million for the property at 4350, 4388 and 4420 Serrano Drive, according to CBRE. CBRE represented the seller, PreZero Recycling, in the transaction. “Serrano Industrial Park offers …

The owner of more than 300 industrial outdoor U.S. storage sites has added an Inland Empire facility to its portfolio. Alterra IOS has purchased a 15.2-acre operation in Jurupa Valley that is fully leased and has a concrete yard and a 26,000-square-foot maintenance facility, according to a statement. Cost of …

Progressive Real Estate Partners in Rancho Cucamonga has helped negotiate the sale of a McDonald’s restaurant in Texas. The double drive-thru in Aubrey, Texas near Dallas-Fort Worth sold recently for $2.6 million, according to a statement on Progressive’s website. Progressive represented the buyer, a Southern California-based investor whose name was …

Construction has begun on a 346-unit apartment complex in Ontario. Legacy Partners in Foster City, which specializes in multifamily projects, and DWS Group, a global asset management company, are developing Legacy Ontario at 2510 S. Euclid Ave., according to a statement. The project will consist of eight, three or four-story …

A building in Montclair formerly occupied by a Red Lobster restaurant has been sold. The 6,200-square-foot structure at 9345 Monte Vista Ave. sold for $2.5 million, according to Progressive Real Estate Partners in Rancho Cucamonga. The seller, represented by Progressive, is a private investor in the San Gabriel Valley. The …