Real Estate

A neighborhood shopping center in Rialto with two tenants has been sold. The property, at 630-660 W. Foothill Blvd., sold for $8.7 million, according to a statement. Built last year, the property’s two tenants are ALDI grocery and WSS, formerly known as Warehouse Shoe Sale. Combined, the two retailers cover …

A fully-occupied industrial building in Temecula has been sold for $28 million. The 224,350-square-foot structure at 41995 Zevo Drive was purchased by Karney Properties in Santa Monica, according to a statement released by Avison Young, which negotiated the transaction. The seller was Zevo Drive Holdings Inc., an owner-operator that has …

Dollar Tree, the discount store that sells everything for $1 or less, has leased space in Fontana. The retail chain has agreed to occupy 12,430 square feet in the Morningside Marketplace shopping center, 14574 Baseline Ave., according to a statement. Progressive Real Estate Partners in Rancho Cucamonga marketed the property …

The Inland Empire retail market was somewhat flat in the third quarter, with vacancy and net absorption experiencing a year-over-year decline, according to a report. Retail vacancy in the two-county region was at 6.8 percent at the end of the third quarter, down from 7.2 percent exactly one year earlier, …

The Inland Empire industrial market continued to soar during the third quarter, as absorption rose and vacancy remained low, according to CBRE. About 3.2 million square feet of industrial space was absorbed in the Inland region during the quarter that ended Sept. 30, and 27.1 million square feet was under …

Office lease rates averaged $2.01 per square foot in the Inland Empire at the end of the third quarter, the first time in 10 years the price of local office space reached $2, according to a report released Monday. That was the good news regarding the Inland office market in …