Sunday , October 2 2022

Real Estate

COVID-19 scrambles the logistics industry … in favor of logistics

The greatest health crisis in a century is going to lead to more inventory, according to a leading commercial real estate brokerage. One of the world’s largest commercial real estate brokerages is predicting an increase in industrial inventory in the United States during the next five to seven years, an …

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For now, home prices defy Coronavirus

Inland Empire Homeowners Spending More on their Homes

U.S. housing prices continued to rise in April, defying fears that the COVID-19 pandemic would drive the market to levels not seen since the Great Depression. Nationwide, prices of single-family homes and condominiums rose 5.4 percent in April compared with April 2019, with all 50 states posting an increase, according …

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Rancho Cucamonga industrial building sold

An industrial building in Rancho Cucamonga has been sold for $7.5 million. The structure, at 9568 Richmond Place, covers nearly 43,000 square feet and has more than 7,500 square feet of office space, according to a statement released by CBRE. The buyer was a toy company whose name was not …

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Industrial building goes on the market

A recently completed industrial building in Rialto is available for lease. The 411,300-square-foot warehouse-distribution facility is part of a four-building complex developed by Dermody Properties in Reno, Nev., a real estate investment, development and management company focused exclusively on logistics, according to a statement. The structure, at 1642 W. Miro …

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Multifamily project holds grand opening

A 15-acre apartment community in Menifee is leasing and offering virtual tours. Artesa at Menifee Town Center will include 37 two and three-story walk-up apartment buildings of one, two and three stories, according to a statement. The buildings, designed to look like a Spanish Mission, range from 822 to 1,322 …

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Major Ontario industrial property is on the market

CBRE and CenterPoint Properties are marketing a 1.6-million-square-foot industrial property in Ontario. The property, at 5600 E Airport Road, includes 13,771 square feet of office space and plenty of parking, with 954 trailer spaces and 580 car stalls., according to a statement. “We are incredibly excited about the opportunity to …

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