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Real Estate

Temecula warehouse-distribution building sold

Avison Young recently completed the sale of a logistics facility in southwest Riverside County for $9.3 million. The building, at 40761 County Center Drive in Temecula, is occupied by Walmart, which agreed to lease the building for three more years after the sale was completed, according to a statement. The seller …

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Not much changed in the Inland housing market during the past year

State housing affordability slips

Not enough houses are being built and that might not change in 2019, according to several experts. It’s become an all-too-familiar story: housing prices in the Inland Empire keep going up, which causes sales to fall. First-time buyers are being kept out of the market, and step-up buyers can’t buy …

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Walgreens property in SB sold

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 …

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Inland Empire industrial market show no signs of cooling off

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 …

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Chino Spectrum TC to add tenants

Inand Empire Businesses Ramp Up for Holiday Shopping.002

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 …

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Hesperia industrial park changes hands

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 …

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