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Real Estate

Logistics center in Perris signs two more tenants

More than 1.1 million square feet of space has been leased at Knox Logistics Center, an eight-building warehouse-distribution project under construction in Perris. A logistics services company whose name was not released will occupy all of the center’s third building, Knox III, which will cover 692,645 square feet at 22305 …

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Distribution facility sell for $102 million

Sold Sign

An automated distribution facility in Bloomington that specializes in “last-mile” deliveries has been sold for $102 million. Crow Holdings Development, a private Investment-development firm in Dallas, sold the 344,360-square-foot structure at 18025 Slover Ave., according to JLL, which helped negotiate the sale. Information about the buyer was not released. The …

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Truck terminal sells for $83 million

Sold Stamp

A 43,000-square-foot truck terminal in Rialto has been sold for $83 million in an off-market transaction. The project, at 2650 S. Willow Ave, was purchased recently by Bridge Logistics Properties, a real estate management company, according to statement. The seller, TFI International Inc., is a transport and logistics company based in Saint-Laurent, …

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IE office market stays strong

The Inland Empire office market had a solid second quarter, with 14,584 square feet of net absorption and nearly 39,000 square feet of construction recorded during that time, according to CBRE. Office vacancy decreased 30 base points to 9.7 percent, the third consecutive quarter-over-quarter vacancy drop for the office market …

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State, local homes sales drop

U.S. home prices record annual decline

Sales of existing single-family homes in California totaled 334,970 in June, down 8.4 percent from May and 20.9 percent year-over-year, according to the California Association of Realtors. Last month, the median price of a home statewide was $863,790, down four percent from May but up 5.45 percent from June 2021. …

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MoVal breaks ground on next phases of project

Construction has started on the second and third phases of a residential-commercial development in Moreno Valley. When finished, phase two and three of Continental Villages will feature 96 apartments and 16 two-story units in duplex buildings, according a statement on the city’s website. Those phases, which are being developed at 16340 …

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