Real Estate

REDA, a Newport Beach real estate investment and development firm, has begun construction on a 1.1-million-square-foot industrial building in Ontario. The structure is the first of six that will make up the Ontario Ranch Logistics Center at 4815 S. Hellman Ave., according to a statement. The building, which is being …

Home sales in Southern California declined for the fifth consecutive month in December, as the region’s once-hot housing market continues to cool. Only 15,781 single-family houses and condominiums were sold during the last month of 2017, a 20.3 percent year-over-year drop, Irvine-based CoreLogic reported Wednesday. That was the lowest number …

An outpatient program at Loma Linda University’s Health Behavior Medical Center has leased office space in Redlands. The medical center’s MEND program will lease 15,000 square feet of space at Park Plaza, a three-building complex, according to a statement released by Cypress West, the property’s owner.  The lease is for …

A Class A industrial building in San Bernardino has been sold. Newport Beach-based Bixby Land Co. and AXA Investment Managers paid $33 million for the structure at 4982 Hallmark Parkway, according to a statement. Recently completed, the building covers 343,000 square feet and is vacant. The purchase is part of …

A freestanding building in Fontana that is home to a Jack in the Box restaurant has been sold. The structure, at 17020 S. Highland Ave., sold for $2.3 million, according to a statement released by Hanley Investment Group. Hanley Investment represented the seller, Adler Realty Investments in Woodland Hills, the …

The Inland Empire’s industrial market enjoyed a strong ending to 2018, according to data released this week. Average vacancy was 3.8 percent during the fourth quarter, down from 4.5 percent in the fourth quarter of 2017, Voit Real Estate Services reported. Lease rates in Riverside and San Bernardino counties were …