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Riverside restaurants sell for $4.2 million

building sold

Three restaurants in Riverside have been sold for $4.2 million. The fast-food establishments, all next door to each other, were sold in separate transactions, according to Progressive Real Estate Partners in Rancho Cucamonga, which brokered both deals. Plant Power, at 3940 University Ave., covers 2,250 square feet and sold for $2.07 …

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ARMC trauma center made Level One

Arrowhead Regional Medical Center’s trauma center has been designated a Level One Adult Trauma Center by the American College of Surgeons. That ranking, by the college’s Committee on Trauma, is based on a site visit by committee members in July and is the highest ranking of its kind in the …

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Perris industrial building sold

Sold Spelled in Tiles

A 205,589-square-foot industrial building in Perris has been sold. The structure at 100 W. Walnut Ave. sold for $59.2 million, according to Avison Young Ontario. Avison Young represented the buyer, a fund managed by Ares Management, a global alternative investment manager. The seller, an investment group called 100 Walnut, LLC., …

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Field steps down as SB city manager

San Bernardino City Manager Rob Field has announced his resignation. Field announced his decision during a closed session before Wednesday’s city council meeting, Councilman Theodore Sanchez said. Six council members – Councilman Ben Reynoso was absent – accepted Field’s resignation, which came after the third of three closed meetings in …

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San Bernardino will pay $8 million to level Carousel Mall

carousel mall

San Bernardino has agreed to pay $8 million to demolish the Carousel Mall. In a 5-1 vote, the city council at its Wednesday meeting approved an agreement with Cerritos-based Resource Environmental to level the former shopping center, Councilman Theodore Sanchez said. Councilwoman Kim Calvin cast the dissenting vote. Councilman Ben …

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