Real Estate

Even the worst public health crisis in anyone’s memory, and the economic slowdown that’s accompanied it, can’t hurt the Inland Empire’s industrial market. During the third quarter, the region’s industrial vacancy rate fell, average lease rates were constant and absorption was up, according to data released by Voit Real Estate …

Newcastle Partners will soon start construction on three industrial buildings in the Inland Empire. The buildings – one in Redlands and two in unincorporated Riverside — combined will cover 824,300 square feet and be built without signed tenants, according to a statement. The projects are: Redlands Commerce Center, a joint-venture …

Foothill Village, a 25,000-square-foot unanchored retail center in Fontana, has been sold. The property at 14755 Foothill Blvd. changed hands for $5.3 million, according to a statement released by Progressive Real Estate Partners in Rancho Cucamonga. Progressive marketed the property and represented buyer and seller, both of which were Los …

An 18,000-square-foot building in Norco occupied by a Grocery Outlet has been sold. The property, at 1428 Sixth St, was exchanged for $6 million, according to a statement released by SRS Real Estate Partners’ National Net Lease Group.  SRS Real Estate represented the seller, a local developer whose name was not …

Nationwide home prices rose nearly six percent in August year-over-year, according to data released Tuesday. Consumers are continuing to purchase single-family homes despite COVID-19, which has helped keep mortgage rates low, Irvine-based CoreLogic reported in its monthly assessment of U.S housing prices. Inventory, however, continues to drop, falling 17 percent …

A self-service car wash has leased a 30,000 square-foot parcel near Ontario Mills. Fast5Xpress will set up shop on the property near the junction of Interstates 10 and 15, according to Progressive Real Estate Partners in a statement. Evergreen Devco in Glendale is the property owner. Financial details of the …