The Inland Empire industrial market remains in excellent shape as it heads into the second half of 2019. The vacancy rate was at 3.8 percent as the second quarter ended, the lowest ever recorded in the two-county region, according to Voit Real Estate Services’ second quarter report on the Inland …
Read More »Jack in The Box, surrounding land sold
A Jack in the Box restaurant in Highland has been sold. Located at Base Line Street and Seine Avenue next to Interstate 210, the property sold for $2.7 million, CBRE announced Monday. The seller was Evergreen Devco, a Los Angeles real estate company represented by CBRE. The buyer, a private …
Read More »Industrial building lands two tenants
Two Ohio-based manufacturers have agreed to occupy an industrial building near Ontario International Airport. Esperia Holdings LLC and Technical Consumer Products Inc. have leased the Airport Distribution Center at 5700 E. Airport Drive, according to a statement released by Newmark Knight Frank. The 250,248-square-foot building is the southwest corner of …
Read More »Yes, the state and local housing markets are struggling
On the other hand, they aren’t on the verge of collapse, according to some experts at a recent housing conference. The problem of how to get more houses built, however, remains. The Southern California housing market is definitely in a rut. How much of a rut remains to be seen, …
Read More »Riverside fast-food site is sold
A retail property in Riverside that is home to a Jack in the Box restaurant and a Verizon cell phone tower has been sold. The site, at 1115 W. La Cadena Drive near Interstate 215 and Columbia Avenue, sold for $2.3 million, according to a statement released Monday by Hanley …
Read More »Local BIA leader offers praise to Gov. Gavin Newsom for SB 201
Carlos Rodriguez, chief executive officer of the Baldy View chapter of the Building Industry Association of Southern California offered praise about the state’s Democratic leader during the chapter’s annual housing conference, which was held Friday in Ontario. Rodriguez mentioned Governor Newsom’s support of Senate Bill 201, which was incorporated into …
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