That’s the conclusion of a UC report that tries to explain California’s housing shortage. Some people have been saying that for a long time. For years, homebuilders in California have decried the excessive regulations they must deal with, both locally and on the state level. They point to that as …
Read More »Inland real estate conference scheduled
RENTV will hold its fourth annual Inland Empire Commercial Real Estate State of the Market Conference Thursday. The conference, at the Embassy Suites by Hilton Ontario Airport, will feature more than one dozen Inland commercial real estate brokers who will give their assessment of the local retail, industrial, office and …
Read More »Industrial to replace shuttered amusement parks
The former Scandia Fun Center in Ontario will soon be no more. Bridge Development Partners LLC in Chicago announced recently that it has purchased the property at 1155 S. Wannamaker Ave., which it plans to demolish and replace with two industrial buildings, according to a statement. The buildings, which are …
Read More »Senior apartment complex sells
A 71-unit senior complex in Ontario has been sold. Bernardine Senior Independent Living sold to a private investment group in Los Angeles whose name was not released for $6.7 million, or approximately $95,400 per unit, according to a statement. The seller was identified only as an Inland Empire acquisition group. …
Read More »Inland office vacancy keeps shrinking
Office vacancy in the Inland Empire fell to 8.5 percent during the first quarter, its lowest percentage since the first quarter of 2006, according to data released Wednesday. The east end led in absorption gains, while the west side – Ontario, Rancho Cucamonga, Fontana, Mira Loma – sustained a seven …
Read More »IE industrial market keeps growing
The Inland Empire’s industrial sector showed no signs of slowing during the first three months of 2019, according data released this week. Vacancy fell to 4.5 percent, down from 8.2 percent year-over-year, Voit Real Estate Services’ reported in its first quarter analysis of the Inland industrial market. The two-county region …
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