Friday , May 24 2024

Real Estate

Medical office complex sells for $18.3 million

Sold Sign

A three-building medical office complex in Redlands has sold for $18.3 million. The Park Plaza Medical Campus at 1776, 1782 and 1790 Park Ave. was sold by Cypress West Partners in Rancho Santa Margarita, according to CBRE. Cypress West owns and operates medical office properties throughout the western United States. …

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Rancho Cucamonga gobbles up some land

A long-planned annexation of more than 4,000 acres of mostly open space, something the city has tried to do for 40 years, finally happened in December. Plans call for some single-family homes and light commercial development on the property, but mostly city officials want to preserve the area’s rural feel. …

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Inland office market treads water

The Inland Empire office market put up some decent numbers during the last three months of 2020, according to data released this week. Average lease rates rose to $1.92 per square foot, a two percent increase compared with the fourth quarter of 2019, according to Newmark, the global commercial real …

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Inland industrial market immune to pandemic

IE manufacturing

The Inland Empire industrial market continued to post strong numbers during the fourth quarter. Vacancy during the last three months of 2020 was 3.1 percent, down from 3.6 percent in the third quarter and 4.6 percent year-over-year, according to a report released by Voit Real Estate Services. That increase, impressive …

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Medical clinic changes to change locations

building sold

A neurology clinic in Murrieta will move within the city later this year. Innovative Neurology has purchased a 1,800-square-foot retail office building at 24671 Monroe Ave. and will move into the building once renovations are finished, said Scott Forest, a senior vice president with WestMar Commercial Real Estate in Temecula. …

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Popular chicken restaurant to settle in San Bernardino

Dermody signs Eastvale tenant

A restaurant chain that specializes in Nashville-style chicken has leased space in San Bernardino. Dave’s Hot Chicken, which started as a parking lot “pop up” in Los Angeles four years ago, will locate in The Hub shopping center, 1060 E. Harriman Place, according to Progressive Real Estate Partners in Rancho …

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