Saturday , August 13 2022

Real Estate

Distribution facility sell for $102 million

Sold Sign

An automated distribution facility in Bloomington that specializes in “last-mile” deliveries has been sold for $102 million. Crow Holdings Development, a private Investment-development firm in Dallas, sold the 344,360-square-foot structure at 18025 Slover Ave., according to JLL, which helped negotiate the sale. Information about the buyer was not released. The …

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Truck terminal sells for $83 million

Sold Stamp

A 43,000-square-foot truck terminal in Rialto has been sold for $83 million in an off-market transaction. The project, at 2650 S. Willow Ave, was purchased recently by Bridge Logistics Properties, a real estate management company, according to statement. The seller, TFI International Inc., is a transport and logistics company based in Saint-Laurent, …

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IE office market stays strong

The Inland Empire office market had a solid second quarter, with 14,584 square feet of net absorption and nearly 39,000 square feet of construction recorded during that time, according to CBRE. Office vacancy decreased 30 base points to 9.7 percent, the third consecutive quarter-over-quarter vacancy drop for the office market …

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State, local homes sales drop

Sales of existing single-family homes in California totaled 334,970 in June, down 8.4 percent from May and 20.9 percent year-over-year, according to the California Association of Realtors. Last month, the median price of a home statewide was $863,790, down four percent from May but up 5.45 percent from June 2021. …

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