Real Estate

With 2023 on the horizon, the Inland office market is showing signs of life, including vacancy below 10 percent and the possibility of more construction. Much depends on whether a recession hits this year, and if so, how severe it may be.   Is the Inland Empire office market starting …

A 205,589-square-foot industrial building in Perris has been sold. The structure at 100 W. Walnut Ave. sold for $59.2 million, according to Avison Young Ontario. Avison Young represented the buyer, a fund managed by Ares Management, a global alternative investment manager. The seller, an investment group called 100 Walnut, LLC., …

U.S. home prices grew 10.1 percent year-over-year in October, the lowest increase in nearly two years, according to data released Tuesday. Low inventory, loss of purchase power and uncertainty regarding the economy’s immediate future are some of the reasons for the slowdown, which is expected to last into next spring, …

Higher interest rates are affecting the economy, including the local industrial market, according to several local brokers.  Neither is predicting a disaster, just a slower-than-normal year. Despite rising interest rates and threats of a recession, the Inland Empire industrial market performed extremely well in 2022.   During the third quarter, …

Progressive Real Estate Partners has helped negotiate the $4.4 million dollar sale of a San Diego County retail center. The Rancho Cucamonga brokerage marketed the property in Carlsbad and represented the seller, a New York-based investor whose name was not released, according to a statement by Progressive. Information regarding the …

Construction has begun on a 2.2-million-square-foot industrial park in Calimesa. Birtcher Oak Valley Commerce Center is being built at Singleton and Roberts roads next to Interstate 10, according to Birtcher Development LLC in Newport Beach, the project’s developer. The cost of the project was not disclosed. Construction is expected to …