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San Bernardino building placed in receivership

San Bernardino building placed in receivership

The former American Sports University Dormitory in San Bernardino has been put into receivership. In a ruling issued Jan. 18, San Bernardino County Superior Court Judge Thomas Garza appointed Richardson Griswold of Griswold Law in Encinitas the property’s receiver, according to a statement on the city’s website. The building at …

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Outdoor storage complex is sold

Sold Sign

A one-million-square-foot outdoor storage that covers two cities in San Bernardino County has been sold. The properties straddle 23 acres at 446 S. Yucca Ave, 1066 N Tippecanoe Ave, and 1938 W. 5th St in San Bernardino and Rialto, according to a statement. All three buildings are near Interstates 15 …

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Riverside apartment complex is sold

A 19-unit apartment complex in Riverside has been sold. The Corwin Apartments at 5755-5580 Corwin Lane were sold recently for $2.8 million, according to CBRE. Information about the buyer and seller was not released. CBRE represented both parties in the transaction. Built in 1964, the complex features one-bedroom, one-bathroom and …

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Office market posts mixed numbers

The Inland Empire office market recorded 9.5 percent vacancy during the fourth quarter of 2023, a year-over-year increase of little more than one percent, according to data released Monday. Despite that, “the Inland Empire office market has upheld robust market fundamentals by catering to its primarily local population,” which has …

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Desert city has issues with national monument proposal

Desert city has issues with national monument proposal

A proposed national monument near Joshua Tree National Park has one desert city preparing for battle. The Chuckwalla National Monument would cover approximately 660,000 acres in Riverside and Imperial counties, from the east end of the Coachella Valley to the Colorado River near the Arizona border. Besides providing some Coachella …

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Empire manufacturing records strong month

Manufacturing in Inland Empire

Inland Empire manufacturing gave itself some breathing room in January. The region’s purchasing managers index was 54.8 last month, a substantial improvement from the 49.6 index recorded in December, according to data released Feb. 1. More important, January ended three consecutive months of indexes below 50, the Institute of Applied …

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