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Real Estate

Montclair shopping center changes hands

Montclair Plaza Inland Empire

A Montclair shopping center has sold for $4 million. Shops at Mission Square, a 5,800-square-foot project at 4467 Mission Blvd., sold in an all-cash transaction, Progressive Real Estate Partners in Rancho Cucamonga announced Monday. Progressive Real Estate and Epsteen & Associates San Diego represented the seller, a private investor in …

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Inland office vacancy drops

A little more than 395,000 square feet of office space was absorbed in the Inland Empire during the first nine months of this year, according to data released this week. That activity was divided almost equally between the east and west end, according to CBRE’s third-quarter report on the Inland …

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Shopping center sells for $26 million

New Retail Center Lands More Tenants

A Riverside shopping center anchored by a Smart & Final has been sold. The property, at 5130-5290 Arlington Ave., attracted multiple offers and ultimately sold for $26.2 million, according to CBRE. The buyer was Tarski Group LLC,  a Long Beach investment group. Heritage Plaza LLC and UAP-Heritage LLC, both developers …

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IE industrial market stays strong

The Inland Empire’s industrial market continued to soar during the third quarter, with lease rates on the rise and vacancy trending down, according to a report. Lease rates for industrial space in Riverside and San Bernardino counties in that three-month period averaged 59 cents per square foot, up from 53 …

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Berkshire Hathaway residential division opens Beaumont office

Inland Empire office market continues to improve

Berkshire Hathaway HomeServices Perrie Mundy Realty Group has opened an office in Beaumont. The facility, at 1484 W. Second St., will operate as Berkshire Hathaway HomeServices California Realty, the same name it uses at its Riverside and Moreno Valley offices, according to a statement. The real estate brokerage’s Redlands headquarters …

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Logistics building sold, will undergo expansion

Industrial Tenants Announced

An industrial building in Temecula has been sold. The 25,182-square-foot facility at 43223 Business Park Drive, which is vacant, sold for $2.6 million, according to a statement. Avison Young, a global commercial real estate firm headquartered in Toronto, represented both parties in the transaction. The buyer was Forum Capital LLC, …

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