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Real Estate

SB shopping center sells

High Desert Shopping Center Changes Hands

A shopping center in San Bernardino that is anchored by a 7-Eleven store has been sold. The property, at 1935 S. Waterman Ave., sold for $3.2 million in an all-cash exchange, according to Progressive Real Estate Partners. Progressive Real Estate represented the buyer, a private investor in Orange County whose …

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Office building fetches $14.5 million

High Desert Office Building Sells

A multi-tenant office building in downtown San Bernardino has been sold. The structure, at 655 W. Second St., sold for $14.5 million to Charter School Capital in Portland, Ore., CBRE Group Inc. said. The building covers 86,600 square feet and is currently 80 percent occupied by two tenants: the Fortune …

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Inland Empire industrial market keeps rolling

Industrial properties sold

The Inland Empire remained the strongest industrial market in the United States during the first quarter of this year, with an estimated  40 percent of the nation’s transactions happening in the two-county market, according to data released Monday. Nearly three million square feet of industrial space went online in Riverside …

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Industrial building sells, will be enlarged

An industrial building in Riverside has been sold. The structure, at 7145 Arlington Ave., sold recently for an estimated  $17.8 million, according to a statement. CBRE Group Inc. represented the seller, The Abbey Company, a privately held real estate investment and management firm in Garden Grove. The buyer, whose name …

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Office market healthier than previously thought

Local office market treads water

A report says the Inland Empire has absorbed more space than Los Angeles and Orange County since the recession ended in 2010. While it’s not a full-fledged recovery, it’s at least a piece of good news. The Inland Empire office market might be in better shape than previously reported. No, …

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Major housing development sold

Strong Housing Report for IE

Two major homebuilders have purchased parcels in Terramor, a master-planned community in unincorporated Riverside County. The lots, part of the development’s first phase, were purchased by KB Home in Los Angeles and CalAtlantic Homes in Arlington, Va., according to a statement released today. KB Home will build two neighborhoods that …

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