Real Estate

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. …

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 …

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 …

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. …

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 …

A building in Lake Elsinore that’s home to a Chili’s Bar & Grill has been sold for $2.6 million. Built in 2005 and renovated last year, the 6,300-square-foot structure is part of Lake Elsinore Marketplace, a shopping center at 29273 Central Ave., according to a statement. Hanley Investment Group represented …