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Real Estate

Walls go up at major “spec” industrial project

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Workers have begun tilting up concrete walls at Empire Gateway in Chino, a project being billed as the largest speculative industrial project under construction in the western United States. The four-building development, which will cover 2.2 million square feet, is being built in one phase and is expected to be …

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Business complex sells

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A business park on the west end of the Inland Empire has been sold. Montclair Business Center, a seven-building complex of light industrial and office buildings, sold for $8 million, according to Avison Young, the commercial real estate brokerage. Holualoa Montclair Business Center LLC sold the property to MNW Essex …

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Commercial land sale completed

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WD Land in Irvine has arranged the sale of 34 acres of commercial space in San Jacinto. Stone River Capital LLC bought Gateway Marketplace from Stone River Capital LLC for an undisclosed sum, according to a WD Land statement. The land is at the southwest corner of Ramona Expressway and …

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Major distribution center planned for Rialto

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A Newport Beach real estate company will develop a major warehouse-distribution facility in Fontana on property where an egg ranch is located. DCT Industrial Trust Inc., which develops and manages big-box logistics projects in the United States and Mexico, has bought the property at 15750 Jurupa Ave., a site occupied …

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Inland office market improves

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The Inland Empire office market is showing signs of a recovery. The vacancy rate for all office space in Riverside and San Bernardino counties during the third quarter of this year was 14.4 percent, down from 15.4 percent during the second quarter, according to a report originally published in The …

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Mall near Victoria Gardens Sold

Rancho Cucamonga Shopping Mall Sold.001

A small shopping mall next to Victoria Gardens in Rancho Cucamonga has been sold. The Monet at Victoria Gardens Mall, a 31,407-square-foot retail center, sold for $13.2 million, according to a statement released by Faris Lee Investments. Fit Development LLC in Sacramento bought the property from Monet in Rancho Development …

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