Real Estate

Rents will continue to rise throughout Southern California during the next two years, as demand for space will outpace the construction of new units, according to a report released Thursday. Apartment vacancies fell in all four Southern California markets during the one-year period that ended June 30, including a 30 …

Home Depot has opened an 850,000-square-foot fulfillment center in Perris. The building, at 350 W. Markham St., will ship goods 24 hours a day, seven days a week up down the west coast, according to a report in The Press-Enterprise. Fulfillment centers are designed ship goods ordered online, usually to …

The Inland Empire office market slowed during the third quarter, as premium space became limited and some tenants held out for more favorable deals. Nearly 45,000 square feet of office space was absorbed in Riverside and San Bernardino counties during the quarter that ended Sept. 30, a decent number but …

The former site of a manufacturing plant in Pomona be home to a 143-unit condominium project. The city’s planning commission has granted a conditional use permit to the development, which will be built on seven acres in the 800 block of Bonita Avenue, according to a report in the Inland …

CBRE Group Inc. Ontario has a new retail team. Recently hired Ryan Gast, an associate, will join Senior Vice President Dan Samulski in brokering real estate deals in the Inland Empire, according to a statement. “Ryan is a strategic hire for our office,” said Joe Cesta, CBRE’s managing director in …

A Class-A office building in downtown Riverside has been sold. The building, at 11801 Pierce Road in the Riverwalk project, sold for $7.1 million, according to CBRE Group Inc. The transaction was announced Wednesday. CBRE and Lee & Associates represented the seller, Turner Real Estate Investments in Newport Beach, Continental …