A record number of mega-warehouse deals happened in the United States last year, according to data released this week. Companies signed on to 57 warehouse leases one million square feet or larger, a 19 percent increase compared with 2020, CBRE reported. Ten of the top 100 industrial and logistics leases …
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Mark Thorpe will step down as chief executive officer of the Ontario International Airport Authority. Thorpe submitted a letter of resignation today and will remain on special assignment until March 31, the day his resignation becomes effective, according to a statement on the airport’s website. The statement did not elaborate …
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The land, not suitable for airport purposes, will be the site of a major industrial project, according to airport officials. An environmental matter must be dealt with first. Ontario International Airport’s governing body will lease nearly 200 acres of surplus property to a joint venture company that reportedly …
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The Inland Empire’s industrial market closed out 2021 on a high note, as total inventory rose to 615 million square feet as the year ended. Vacancy in Riverside and San Bernardino counties dropped to 0.87 percent during the fourth quarter, the third straight quarter in which vacancy was under one …
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The San Manuel Band of Mission Indians has donated $2.2 million to San Bernardino, money the city will use to pay for law enforcement vehicles, park upgrades and a mobile veterinary clinic. The agreement provides $1.1 million for the veterinary clinic, $1 million for upgrades renovations to Seccombe Lake Park, …
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Krista L. Newkirk will be inaugurated president of the University of Redlands next month. Newkirk, who took over as the university’s top administrator in July, is scheduled to be formally instated Feb. 23 in a 10 a.m. ceremony at Memorial Chapel, according to a statement on the university’s website. Formerly …
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IE Business Daily Business news for the Inland Empire.
