Freeway Business Center, an industrial facility in Riverside, has been sold. Alere Property Group bought the building at 2677 E. Alessandro Blvd., according to a statement released Friday. The 709,000 square-foot structure next to Interstate 215 was completed last year. It is fully leased to UNIS, LLC, a national third-party …
Read More »CSUSB student attends D.C. conference
Armando Bolanos, a history major at Cal State San Bernardino Palm Desert, recently attended the World Affairs Councils of America’s national conference in Washington, D.C. The three-day conferenced included panel discussions on U.S.-China relations, creating a humane and effective immigration system, climate change and women’s rights in Afghanistan, according to …
Read More »Trobbe joins CBRE Investment Management
Jeff Trobbe has been hired by CBRE Investment Management and will be the firm’s senior acquisitions director. Based in Los Angeles, Trobbe will concentrate on west coast logistics and will be responsible for deal sourcing, underwriting, due diligence and closing, according to a statement. “We are pleased to welcome Jeff …
Read More »Colton industrial building is sold
CBRE has negotiated the sale of a 182,630-square-foot industrial building in Colton. The structure, at 1603 S. La Cadena Drive, is fully occupied and leased to a single-tenant, according to a statement released today. The buyer was Walton Street Capital, a private equity real estate investment firm in Chicago. The …
Read More »Lake Elsinore closes facilities
Lake Elsinore has closed all city facilities in response to the surge in COVID-19 infections caused by the Omicron variant. The shutdown, which began Wednesday, includes city hall, the senior center, the Dream Extreme Neighborhood Center and the Lake Community. Center. Launch Pointe, the camping and recreational vehicle park at …
Read More »Inland manufacturing closes out 2021 strong
The Inland Empire’s manufacturing sector grew for the 16th consecutive month in December. The region’s purchasing managers index last month was 55.5, down slightly from November but still above the baseline 50 that determines growth or reductions, according to data released this week by the Institute of Applied Research and …
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