A 701-unit self-storage facility in Chino has been sold. Westport Properties Inc. in Irvine bought the facility at 13555 Ramona Ave. for an undisclosed sum, according to a statement released last week. The sellers name was not released. Westport, which owns and operates more than 13.2 million square feet of …
Read More »Temecula biz incubator expands
Temecula has added two businesses to its business incubator program. iatrixAir, Inc. and Terra Network Solutions have both been admitted into the Temecula Valley Entrepreneur’s Exchange, according to a statement on the city’s website. iatrixAir is a health-tech startup that stops airborne pathogens and biothreats. It uses “machine learning,” in …
Read More »Inland retail market stays up
The Inland Empire’s retail sector put up solid numbers during the fourth quarter, despite persistent inflation and a tighter-than-normal credit market. Vacancy was 6.5 percent, unchanged from the previous quarter, while the average lease rate of $2.15 per square foot represented a modest four-cent decrease compared with the third quarter, …
Read More »Park named executive chef
Albert Park has been named executive chef at the South Coast Winery Resort & Spa in Temecula. Park will be in charge of culinary operations at The Vineyard Rose Restaurant, the resort’s signature attraction, while also overseeing the Vineyard Grill at South Coast Winery’s sister property Carter Estate Winery and …
Read More »Bill seeks to lift roadblocks to office-to-residential transformation
A state assembly bill would make it easier to convert empty office space into housing. If passed, AB 1532 would make it easier to get exemptions from the California Environmental Quality Act, while waiving impact fees not directly related to an office-to-housing conversion project, according to the bill’s text. Also, …
Read More »Home prices grow, but at a slower rate
The growth in U.S. home prices continued to decline in January, according to data released this week. Prices grew 5.5 percent year-over-year during the first month of the year, that number marked the ninth consecutive month that price growth nationwide was lower than one year earlier, Irvine-based CoreLogic reported. “While …
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