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Riverside office project sold

A Class A office property in downtown Riverside has been sold. The two-building complex sold for an undisclosed sum, according to a statement released Monday by Newmark Knight Frank. The seller was a partnership between CarVal Investors, a global firm that specializes in distressed properties, and EverEWest Real Estate Investors, …

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Montclair shopping center changes hands

Montclair Plaza Inland Empire

A Montclair shopping center has sold for $4 million. Shops at Mission Square, a 5,800-square-foot project at 4467 Mission Blvd., sold in an all-cash transaction, Progressive Real Estate Partners in Rancho Cucamonga announced Monday. Progressive Real Estate and Epsteen & Associates San Diego represented the seller, a private investor in …

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Riverside to use state grant to promote traffic safety

The Riverside Police Department has received a $505,000 state grant that will pay for a year-long traffic safety enforcement and public awareness program. Funds from the California Office of Traffic Safety will help educate the public on safe driving habits and discourage people from violating traffic laws, according to a …

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Inland retail continues to hum

Retail Building Sells

Third quarter numbers are strong, as the market continues to move out of the shadow of its two very large neighbors. The Inland Empire retail market no longer plays second fiddle to Los Angeles and Orange counties. That’s the opinion expressed by CBRE in its third quarter report on retail …

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Meetings will address district maps

Palm Springs is holding the latest in a series of meetings regarding its shift to district elections. The sessions, which will conclude at the end of next month, will refine the five proposed district maps before the city council, according to a statement on the city’s website Community forums are scheduled …

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OIA passenger count continues to increase

Ontario International Airport continued to add passengers in September, bolstered by Jet Blue’s nonstop flights from there to New York that began early in the month. Approximately 420,000 passengers arrived and departed there last month, a 14 percent year-over-year increase, according to the monthly passenger report released by the Ontario …

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