December, it appeared San Bernardino was on track to solving its seemingly never-ending Carousel Mall problem. After a debate about whether to restore the former downtown mall or level it, the city council settled on the latter option, at a cost of $8 million. With a developer in place, it …
Read More »Van Wart named CSUSB’s outstanding professor
Montgomery “Monty” Van Wart has been named Cal State San Bernardino’s outstanding professor for the 2022-23 academic year. A professor of public administration at the Jack H. Brown College of Business and Public Administration, Van Wart was recognized for his “dedication to students, junior faculty, and the university,” according to …
Read More »Karst named chief financial officer
Darren Karst has been named chief financial officer of Ontario-based Heritage Grocers Group, the parent company of Cardenas Markets. Karst will oversee all financial and accounting matters and report to Doug Sanders, Heritage Grocers’ chief executive officer, according to a statement released today “I am excited to welcome Darren to …
Read More »Median U.S. rent drops
The median U.S. rent fell 0.4 percent in March, the first year-over-year decline in that category in three years, according to data released Tuesday. The $1,937 median rent was also the lowest nationwide in 13 months, according to Redfin, the Seattle-based residential real estate brokerage. To put those numbers in …
Read More »IE industrial lease rates fall slightly
The Inland Empire industrial market cooled slightly during the first quarter, as vacancies rose and lease rates declined, according to data released today. The vacancy was 2.1 percent, still low but an increase of 74 basis points from the fourth quarter of 2022, Voit Real Estate Services reported. Lease rates …
Read More »Dental chain to enter High Desert market
West Coast Dental, a chain with more than 40 locations throughout California, will open its first High Desert office. The company has signed a 10-year lease to locate next to Hesperia Square, a shopping center anchored by a Vallarta supermarket and a Dollar Tree discount store, according to Progressive Real …
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