Saturday , November 23 2024
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Real Estate

COVID-19 plays havoc with office market

People will  eventually return to the office, and when they do, the office is going to look a lot different. Some who have discovered the advantages of working at home won’t want to return. Sooner or later, the COVID-19 crisis will pass and workers will return to the office. Some …

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SCLA announces three leases

Three leases, including an extension on a large manufacturing facility, have been signed at the Southern California Logistics Airport in Victorville. Boeing Co. signed a five and a half year agreement to occupy a 60,400-square-foot building there, according to a statement released by Stirling Enterprises, primary developer at the airport. …

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Loma Linda apartment complex sold

Inland Empire Retail Properties Sold

A 24-unit multifamily property in Loma Linda has been sold. The University Palms, which occupies one acre at 25356 Cole St. sold for $6.3 million, according to a statement released by CBRE. CBRE represented the buyer and seller in the transaction. Details about either party were not released. Built in …

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Moreno Valley medical building changes hands

A medical office building in Moreno Valley has been sold for $6.9 million. Centurion Fuchigami International Inc., a corporate database in Irvine, bought the single-story structure at 22555 Alessandro Blvd., according to a statement. The building, which covers 14,600 square feet, was fully leased at the time of sale. Its …

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Credit unions to land in San Bernardino’s Hospitality Lane district

Two credit unions have signed leases in San Bernardino’s Hospitality Lane business district. Navy Federal Credit Union will occupy a 6,040-square-foot freestanding building at 1049 E. Harriman Place, between Sam’s Club and BJ’s Restaurant & Brewhouse, according to a statement. Arrowhead Credit Union will occupy a 7,433-square-foot building at 575 …

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Temecula building sells for nearly $11 million

A vacant logistics building in Temecula has sold. Westcore, a San Diego-based real estate acquisition and asset management firm, bought the structure at 27731 Diaz Road for $10.8 million, according to a statement. “We plan to refresh the warehouse’s existing office space, repaint inside and out and pave the unimproved …

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