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Logistics facility sells for $329 million

building sold

A 1.8-million-square-foot warehouse-distribution center in an unincorporated community in Riverside County has been sold for a reported $329 million. Shopoff Realty Investments in Irvine and Artemis Real Estate Partners in Washington, D.C., sold Cherry Valley Logistics Center, to Toronto-based Brookfield Asset Management, according to a statement posted on Feb. 6 …

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AMC to sell movie seats based on seat location

The world’s largest movie theater chain in the United States will start charging ticket prices based on seat location at all of its domestic theaters. AMC Theatres’ Sightline at AMC program has started at some locations and will be standard at all AMC domestic cinemas by the end of the …

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Norco service sells for nearly $12 million

Norco service sells for nearly $12 million

A Chevron service station, convenience store, and car wash in Norco have been sold for $11.9 million. The 2.8-acre development at 996 Mountain Ave. sold for its full asking price in a transaction that included all three structures as well as the property, according to Progressive Real Estate Partners in …

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NFI renews lease

Third-party logistics company lands in Fontana

NFI Industries, a third-party logistics company, has renewed its lease at the Perris Distribution Center. Newmark Ontario represented the landlord in the negotiations, Los Angeles-based Ares Management, according to a statement. Terms of the agreement were not disclosed. NFI occupies an 864,000-square-foot building at Perris Distribution Center, a two-story building …

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Tinio named Riverside planner

Maribeth Tinio has been named Riverside city planner. Tinio has nearly 20 years experience in planning, economic development and environmental analysis/compliance, according to a statement on the city’s website. For the last seven years, Tinio was Stanton’s interim community and economic development director and planning manager. Before that, she was …

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