Faris Lee Investments has completed the sale of a U.S. Bank branch office in Hesperia. The building, at 14075 Main St., sold for $3.2 million, according to a statement released Tuesday. Hesperia-Main Street LLC, a private investment firm in Los Angeles, was the seller. The buyer was a private investor, …
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Pending home sales were up month-to-month and year-to-year in California during December, according to data released this week. Compared to November, pending sales – in which a contract of sale has been signed but the transaction is not yet official – rose 3.3 percent to an index of 117.7, the …
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More than 20,400 houses and condominiums were sold in Southern California in December, up 4.7 percent month-over-month but down nearly three percent compared with December 2015, according to data released Tuesday. December sales were 15 percent below the December average of 24,067, but there’s an explanation for that seemingly weak …
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A company that creates and promotes products for construction, electricity and landscape design has leased an industrial building in Corona. Vista-based Wellco Industries Inc. will occupy an 89,819-square-foot building at 2095 California Ave., according to a statement. Terms of the lease, as well as a move-in date, were not disclosed. …
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Construction is expected to begin this spring on a 340-unit upscale apartment complex in Redlands. The Crossings at Redlands will be developed by The UCR Group, a property acquisition and development company in Redlands, according to a statement. The project, at West Lugonia Avenue and Nevada Street just east of …
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Lease rates for industrial space in Riverside and San Bernardino counties reached 51 cents per square foot at the end of last year, topping the previous peak rate set in 2007, according to data released Thursday. New buildings that commanded a premium price, along with strong demand for quality industrial …
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IE Business Daily Business news for the Inland Empire.
