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Inland Empire Industrial market sizzles

The Inland Empire industrial market stayed red hot during the first quarter, fueled by the demand for e-commerce created by the pandemic, according to data released today. Vacancy fell to 2.73 percent during the first three months of 2021, despite a number of speculative projects that came on the market …

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Colton apartment complex changes hands

The District at Grand Terrace, a 352-unit apartment complex in Colton has been sold for $88 million. Tower 16 Capital Partners in San Diego, which spent two years and $2.6 million renovating the property, was the seller, according to statement released today. The buyer was MG Partners, a San Diego-based …

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Perris logistics facility sells

Industrial real estate market

Harvill Business Center, a logistics facility in Perris, has been sold. The 423,665-square-foot operation at 20123 Harvill Ave. was sold to Black Creek Group, a Denver-based real estate investment management firm, according to a statement released today. Core5 Industrial Partners in Atlanta, a developer of industrial properties, was the seller. …

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Apply Valley once again offering passports

Apple Valley has resumed processing passport applications. Appointments are required and no walk-ins will be accepted, according to a statement posted today on the town’s website. “As COVID numbers decrease, and opportunities to travel resume, the demand for passports is expected to rise,” said Town Clerk LaVonda Pearson in the …

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South Coast AQMD measure draws fire from the logistics industry

IE manufacturing

The proposed Warehouse Indirect Source Rule is a tax that will hurt Southern California’s warehouse-distribution operations, according to industry officials. It will do nothing of the sort, says the AQMD.   A proposed measure by Southern California’s state-sanctioned clean air agency has the region’s logistics industry crying foul. The Warehouse …

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