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Construction underway on large logistics project

Construction has begun on a 1.1-million-square-foot logistics building in unincorporated Riverside County. Knox Logistics VII, a warehouse distribution center, is being developed by Trammell Crow Co. and Clarion Partners LLC at I-215 freeway and the Cajalco Expressway, according to a statement released this week. “We are very excited to begin …

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Inland brokerage arranges restaurant lease

Dermody signs Eastvale tenant

A Norco commercial real estate firm has secured a lease in Orange County for a popular restaurant chain. Jalapeno’s Mexican Food will occupy 1,400 square feet in the Lakeview Shopping Center in Yorba Linda, according to Capital Income Properties Group. The five-year lease includes multiple extension options. Financial details were …

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IE manufacturing remains strong

Inland manufacturing sector reaches growth milestone

Inland Empire manufacturing stayed solid in May, growing for the ninth consecutive month. The region’s purchasing managers index last month was 62.4, down slightly from April but still well above the 50 benchmark that determines growth or no growth, according to data released Tuesday by the Institute of Applied Research …

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Palm Springs street fair returns

Palm Springs VillageFest, the city’s Thursday night street fair that was suspended because of the pandemic, will resume July 1. With COVID-19 cases down, the city council voted May 27 to allow a smaller version of the popular street fair with safety protocols still in effect, according to a statement …

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Riverside plastic recycling facility sold

building sold

An Ohio company has announced its plans to buy CarbonLITE’s PET recycling facility in Riverside. Evergreen, the plastic recycling division of Greenbridge in Mentor, Ohio, plans to buy the 220,000-square-foot facility at 875 Michigan Ave. for an undisclosed sum, according to a statement released Tuesday. Further details of the transaction …

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County Executive Office releases 2022 budget

Federal funding will pay for major street upgrades in Riverside

Riverside County’s executive office is recommending a $7 billion budget for fiscal year 2021-2022. Programs to be funded include social services, public works, community services, healthcare, and public safety, according to a statement on the county’s website. Approximately $950 million will cover general fund expenses, with $3 million designated for …

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