Real Estate

An Orange County developer has broken ground on a 125-acre industrial project in Calimesa. Birtcher Oak Valley Commerce Center will consist of four industrial buildings that collectively will cover 2.2 million square feet, according to Birtcher Development in Newport Beach. The project, at Singleton and Roberts roads next to Interstate …

If you want to know how popular e-commerce has become, look no further than the Inland Empire industrial market. Vacancy fell to 1.4 percent in the second quarter, the result of an increase in lease renewals and more aggressive first-time leasing, according to CBRE. Lease rates in the second quarter …

A five-building industrial park in Moreno Valley has sold. Vertical Ventures Capital LLC in Walnut Creek bought Moreno Corporate Center for $20.3 million, according to a statement released Monday. The seller, a private investor in Southern California whose name was not released, was represented by CBRE. Vertical Ventures, which buys …

A logistics company has signed a pre-lease agreement at an industrial park in Chino. Sunset Pacific Transportation will occupy 136,200 square feet at the Chino Industrial Center, 14522 Yorba Ave, according to a statement released this week. Sunset Pacific is a freight consolidation company that ships goods nationwide. The company …

A Starbucks-anchored retail building in San Bernardino has sold for $4.6 million. The 5,000-square-foot structure at 2067 Highland Ave. opened last year and is fully leased, according to Progressive Real Estate Partners in Rancho Cucamonga, which announced the sale today on its website. Progressive marketed the property and represented the …

Home prices nationwide rose 15.4 percent in May, the largest year-over-year increase since November 2005, according to data released today. Not enough houses being built combined with a demand for more homes continued to drive up prices during the fifth month of the year, causing many prospective buyers – especially …