An investment firm has purchased a 124-unit apartment complex in Redlands for $46.2 million. Irvine-based SB Real Estate Partners, which specializes in multifamily properties, bought ReNew Redlands and immediately renamed it Portola Redlands, according to a statement released this week. The seller’s name was not disclosed. SB Real Estate plans …
Read More »Inland retail market has solid quarter
The Inland Empire’s retail vacancy rate was eight percent during the third quarter, unchanged from the second quarter and down 80 basis points year-over-year. Riverside and San Bernardino counties absorbed 70,613 square feet of retail space during the third quarter, and there were 926,428 square feet of retail space under …
Read More »Jack in the Box is sold
A Jack in the Box Drive-Thru in Pomona has been sold for $2.7 million. Located at 101 W. Foothill Blvd., the restaurant was purchased by a San Gabriel-based investor whose name was not released, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive represented the buyer in the transaction, …
Read More »Fontana company nominated for Spirit of the Entrepreneur Award
For the first time in 11 years, A&R Tarpaulins has been nominated for a Spirit of the Entrepreneur Awards, the annual competition among businesses in Riverside and San Bernardino counties sponsored by the Inland Empire Center for Entrepreneurship at Cal State San Bernardino. This year, the Fontana company that makes tarps …
Read More »Apple Valley to host a yearly flea market
Apple Valley is scheduled to hold its annual Rockin’ Flea Market Saturday at Lion’s Park. The event, scheduled for 8 a.m. to 1 p.m., will feature trinkets, furniture, handmade goods, and other new and used items, according to a statement on the town’s website. Ken and Don, a local classic …
Read More »Riverside looks to fill boards, commissions
Riverside residents are asked to consider serving on boards and commissions that help shape city policies. The city has 15 permanent boards and commissions that offer guidance on various issues, including general plan updates, building design, signs, parks, recreation, trees, streets, traffic regulations, public utilities, ethics, and the budget, according …
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