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Real Estate

High Desert industrial project moves closer to reality

Amazon coming to Moreno Valley

Victorville City Council members in December will consider a 1.3-million-square-foot warehouse-distribution center that will be built at the Southern California Logistics Airport. The project will be built on open space at Phantom West and Nevada Avenue, said Brian Parno, chief operating officer with Stirling, a development company in Foothill Ranch …

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Inland Empire Housing News: foreclosures drop

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Foreclosures in the Inland Empire dropped 60 percent year-to-year during October. That drop was more than twice the size of that recorded nationwide, according to a report originally published in The Press-Enterprise. The report, citing data from RealtyTrac, the real estate information service, said the two-county region still has its …

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It’s true: the Inland industrial market is sizzling

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Several planned speculative projects will cover two million square feet, but some wonder if too much logistics property might hit the market at the same time Make no mistake: all the reports about speculative “big-box” projects dominating the Inland Empire’s industrial market are true. Certainly no one who participated in …

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Good news on the Inland office front

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There are signs of life in the Inland Empire office market. Office space vacancy in Riverside and San Bernardino counties dropped to 19.5 percent during the third quarter, according to data released this week by Colliers International. That represented a 2.2 decline from the second quarter of this year and …

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Housing market continues to sputter

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Southern California’s housing market slipped in October, with sales dropping 4.4 percent year-to-year. A total of 20,150 new and resale houses and condominiums were sold last month in Southern California, according to DataQuick in San Diego, which released its monthly housing report yesterday. That was a 5.4 percent increase compared with …

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Inland industrial market stays strong

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Demand for industrial space in the Inland Empire soared during the third quarter, as that sector continues to shine during an otherwise slow recovery. An estimated 90 industrial leases and 40 industrial sales were completed in Riverside and San Bernardino counties during that quarter, according to Colliers International’s third quarter …

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