Real Estate

Progressive Real Estate Partners, one of the Inland Empire’s leading commercial real estate brokerages, is listing approximately 55 acres of prime commercial property in Hesperia. The first parcel, which covers 45 acres, is next to Interstate 15 and the Ranchero Road off-ramp/overpass, according to a statement posted on Progressive Real …

Vacancy in the Inland Empire’s industrial sector dropped slightly during the second quarter, as absorption outperformed new product coming online, according to data released Monday. The two-county region’s industrial vacancy rate during the third quarter was 3.1 percent, down from 3.7 percent one year earlier, Newmark, Knight Frank reported. Average …

Not in the Inland Empire, where brick and mortar has made a strong showing this year. The question is, how long can that trend last? Traditional retail might be going away in a lot of U.S markets, as more people shop online, but it’s performing just fine in the Inland …

KB  Homes will build 159 homes in Moreno Valley. Bella Cortina will consist of one and two-story structures that will range from 1,700 to 3,000 square feet, according to a statement. Prices will start around $350,000. A timeline for development was not released. Bella Cortina will be built in the …

California’s housing market should remain strong in 2018, although the state will still be plagued by not enough homes being built as well as an affordability problem, according to a report released Thursday. The state’s housing recovery is expected to continue through next year, but not at the pace it …

Empire Corporate Center, one of the more visible office properties in the Inland Empire, has  been sold. The four-story, Class A project at 800 Haven Way – currently 83 percent occupied – sold for $16.5 million, according to a statement released Monday by Newmark Knight Frank. MGR Services in Upland …