Real Estate

An office building in Redlands has been sold. The two-story structure at 1901 Orange Tree Lane sold for $3.5 million, said Rick Lazar, senior vice president with Coldwell Banker Commercial Sudweeks Group, which occupies about 10 percent of the structure. The buyer was a private investment group in Ontario. Coldwell …

The market improved in 2015, and it will most likely continue to do so this year, but several factors are preventing the robust comeback everyone is hoping for. Yes, the Inland Empire housing market improved during 2015. Both sales and median prices were up as the year came to an …

Home Cash Sales down Locally, Nationally Cash sales of single-family homes in the Inland Empire dropped in September. Houses purchased with cash accounted for 23.7 percent of all single-family home sales in Riverside and San Bernardino counties during that month, down 2.9 percent year-over-year, according to data released by CoreLogic …

The Promenade at Temecula will add two new retailers to its tenant mix next year. Luna Grill, a Mediterranean restaurant with healthy menu options that include gourmet salads wholesome wraps, is scheduled to open its first Riverside County location at the Promenade, according to a statement. The restaurant will be …

Club Business Park, a 51,000-square-foot business property in San Bernardino, has been sold. The facility, at 164-194 W. Club Center Drive and 2211 S. Hunts Lane, sold for $2.8 million, according to Marcus & Millichap, which brokered the deal. The transaction was announced Thursday. The buyer and seller were both …

Like its office market, the Inland Empire regional market just completed a decent year, but not a spectacular one. As 2016 approaches, look for more retailers to enter the local market and lease rates to creep up a little bit, but not much in the way of new development. The …