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SB apartment complex fetches $16.5 million

building sold

Hillside Village, an 80-unit apartment project in San Bernardino has sold for $16.5 million. Tower 16 Capital Partners, a commercial real estate brokerage investment and management company in Encinitas, announced the sale earlier this week. Information about the buyer was not disclosed. “We made major improvements to the Hillside Village …

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IE manufacturing keeps humming

Inland Empire manufacturing continued to perform well in April. The region’s purchasing managers index last month was 65.7, virtually unchanged from March, according to data release Monday by the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. The index has remained above the baseline 50 percent …

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MoVal welcomes job assistance office

Moreno Valley has opened the Moreno Valley Business & Employment Center, which provides assistance to jobseekers, small businesses, and local employers. The office, part of the America’s Job Center of California program, was opened recently with a ribbon-cutting ceremony attended by Mayor Yxstian Gutierrez and the city council, according to …

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San Manuel tribe to purchase Las Vegas casino

The San Manuel Band of Mission Indians has agreed to purchase the Palms Casino Resort in Las Vegas. Closed for more than a year because of COVID-19, the casino will change hands for $650 million, according to a statement released today by Red Rock Resorts, the casino’s owner. The transaction …

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Building materials company leases Fontana industrial building

Third-party logistics company lands in Fontana

A maker of construction materials has leased a 119,000-square-foot industrial building in Fontana. Tremco Inc., a subsidiary of Tremco Construction Products Group in Beachwood, Ohio, has signed a 10-year lease on the property at 7630 Cherry Ave. and will use it mostly for distribution, according to Dermody Properties, the property’s owner. …

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