Real Estate

A 1.2 million-square-foot warehouse-distribution building in Fontana has been sold. Bridge Logistics Properties, a investment management company that operates nationwide, bought the structure at 10681 Production Ave. for an undisclosed sum, according to a company statement. The transaction, one of the largest in the Inland Empire this year, involved one …

A soon-to-open 7-Eleven and fueling station in Yucaipa has been sold for $3.6 million. The project at 11361 Bryant St. is next to a Stater Bros.- anchored shopping center and is expected to open in December, according to Hanley Investment Group in Corona Del Mar. Hanley Investment and Lee & …

The Inland Empire retail market held its ground during the third quarter, adding space and posting a modest increase in net absorption. Two hundred eight thousand square feet of retail space was added during the third quarter, nearly triple the 77,000 square feet that came online during the second quarter, …

A medical office building in the Coachella Valley that is home to several nationally-known companies has been sold for $10.5 million. Indian Wells Medical & Professional Center was purchased by Circle Vision, a commercial real estate investment and management company in Tustin, according to Progressive Real Estate Partners in Rancho …

The Inland Empire multifamily market closed the third quarter with a 95.8 percent occupancy rate, a slight decline from the previous quarter, according to a report. The 0.4 percent drop can be attributed to projects, especially luxury projects, coming onto the market, causing vacancies to rise, CBRE reported. Demand for space …

Construction has begun on the fourth phase of a public housing development in San Bernardino meant for low-income families and individuals. Alder Square is the latest edition of Arrowhead Grove, a multi-million-dollar reconstruction of Waterman Gardens, a 38-acre housing development at 2634 Copper Lane that began construction in 2012, according to …