Real Estate

A San Francisco real estate developer will build its second logistics operation at the Meridian Industrial Park in Riverside. Newcastle Partners Inc. has bought a 25.7-acre parcel at 22200 Opportunity Way, where it will develop at 510,000-square-foot warehouse-distribution facility, said Phil Lombardo, executive vice president with Cushman & Wakefield Ontario. …

Panattoni Development Co. was recently named the Inland Empire’s Industrial Developer of the Year by NAIOP’s Inland chapter. The Newport Beach company was recognized for breaking ground last year on four projects that totaled 3.2 million square feet, and for finishing two speculative industrial properties in Rialto of approximately 373,000 …

Nationwide sales of existing homes rose slightly in December, lifting sales to their highest level in seven years. Sales increased to a seasonally adjusted annual rate of 4.87 million units last month, a one percent increase compared with November, according to the National Association of Realtors in Washington, D.C. Both …

A regional power center in Rancho Cucamonga has been sold. Foothill Crossing, a 312,300-square foot retail operation on Foothill Boulevard directly across from Victoria Gardens, sold for $54 million, according to a statement released today by Faris Lee Investments. Irvine-based Faris Lee, which specializes in large retail investment sales, represented …

The SoCal 55+Housing Council recently honored Oakmont Senior Living with a 2013 SAGE Award for Project of the Year in the continuing care retirement community category during a ceremony in Costa Mesa. Oakmont’s Executive Director Ken Garnett accepted the SAGE Award recognizing Capriana, the company’s resort retirement campus in Brea, …

It was good news and bad news for the Inland Empire housing market in December. First, the good news: prices are getting back to levels where people have some equity in their homes, which is encouraging for anyone who is still struggling with an underwater mortgage. The median price of …