Real Estate

The Inland Empire office market posted a strong second quarter, absorbing 178,784 square feet of space while its vacancy rate fell to 9.9 percent, the region’s lowest rate in 11 years according to data. Ontario, with 123,506 square feet, accounted for a little more than half of the Inland region’s …

Montclair Business Center, a 96,300-square-foot facility at 4650 Arrow Highway, has sold for $13.7 million, according to a statement. Both the buyer and seller were private investment groups, according to Avison Young, the global commercial real estate firm that represented the seller in the negotiations. Built in 1980, the business …

The Inland Empire industrial market stayed hot in the second quarter, adding 9.7 million square feet of space during that time. That continued a trend that began last year, when 22 million square feet of industrial space was added in Riverside and San Bernardino counties, according to data by Voit …

A building in one of the Inland  Empire’s premiere office properties has been sold. Empire Towers V, a five-story Class A office building in Ontario that covers nearly 125,000 square feet, sold for $29.8 million, according to a statement released by NKF Capital Markets in Los Angeles. The seller was …

Thomas Winery Plaza, a 99,838-square-foot shopping center in Rancho Cucamonga, has been sold. The facility, which is anchored by a CVS Pharmacy, sold for $24 million, the largest amount paid for a retail property of that size in the Inland Empire so far this year, according to a statement. The …

Two retail buildings at the University Town Center in San Bernardino have been sold for a combined $3.7 million. One property, at 4304 University Parkway, sold for $1.7 million to a private investor in Temecula whose name was not released, according to Progressive Real Estate Partners in Rancho Cucamonga, which …