Real Estate

A 1.4-acre property in San Bernardino that is occupied by a Walgreens has been sold. The parcel, at 1634 E. Highland Ave., sold for $2.9 million to a private investor from Newport Beach whose name was not disclosed, according to a statement. The seller was a private investor who also …

E-commerce and “big box” projects will continue to drive the market, although construction of new logistics projects might slow a bit, according to several experts. The Inland Empire’s logistics market turned in another spectacular year in 2019, and that trend  is likely to continue in 2020, according to several Inland …

Chino Spectrum Towne Center will add two tenants and indoor play area next year. The Hummus Republic, a fast-casual modern Mediterranean food franchise that specializes in healthy baguette and pitas, is scheduled to open next to Starbucks early next year, according to a statement. Runway Fashion, which offers brand name …

Avison Young has negotiated the sale of an industrial project in Hesperia. Lemon Street Industrial Center, a six-building project at 17229 Lemon St., sold for just under $9 million, according to a statement. The seller was Arcadia-based Positive Investments Inc., the buyer Gofermor LLC on Los Angeles.  The transaction was …

Speculative development is still in the future, but absorption is still high and vacancy continues to drop. The market remains an alternative to Los Angeles and Orange counties, but it remains a long way from reaching its potential. The Inland Empire office market can’t generate any traction. For the past …

A 245-home residential community will be built in the Temecula wine country, with the first of three phases expected to be completed in May. Rancho Soleo is being developed at Pechanga Parkway and Loma Linda Road by TRI Pointe Homes Southern California in Irvine, according to a statement. Homes in …