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Real Estate

Future retail center lands coffee house

The soon-to-open Redlands Packing House District has signed another tenant. Augies Coffee Roasters will occupy a 1,079-square-foot space at the northwest corner of Eureka Street and Stuart Avenue, according to a statement released Wednesday. It will be Augies’ second Redlands location and its fifth in Southern California, Glendale-based Evergreen Devco …

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Local industrial market refuses to slow

Industrial Property Changes Hands

The Inland Empire industrial market stayed red hot during the first quarter of 2018, according to data released Wednesday. The region’s vacancy rate was 4.7 percent, down from five percent during the first three months of 2017, about 0.30 percent lower than the historical average dating to the first quarter …

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Three industrial buildings completed

Inland Empire Industrial Market

Trammel Crow Co. recently completed three industrial buildings in the Inland Empire that total 2.4 million square feet. Those developments are a one-million-square-foot structure in Riverside’s Hunter Park, a 750,000-square-foot building in Riverside County’s Interstate 215 Corridor and a 600,000-square-foot building in Fontana’s Sierra Lakes district, according to a statement …

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Large industrial portfolio sold

A multi-tenant industrial portfolio in Redlands and Riverside has been sold. Combined, the properties total more than 212,000 square feet and sold for just under $16 million, according to CBRE Ontario, which arranged financing. The transaction was announced Tuesday. Davis Partners, an onsite property management company based in Newport Beach, …

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Self-storage facility changes hands

A self-storage facility in Rialto has been sold for $4 million. Rialto Self Storage covers nearly 36,925 square feet at 2850 W. Foothill Blvd., according to CBRE Ontario, which helped negotiate the transaction. The facility, which has 374 self-storage units along with space for boats and recreational vehicles, is 97 …

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Inland office market holds steady

It was business as usual for the Inland Empire office market during the first three months of 2018: steady growth, but nothing spectacular. Vacancy was 9.5 percent, down 1.2 percent from the first quarter of 2017, according to Newmark Knight Frank’s first quarter office report for Riverside and San Bernardino …

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