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Shopping center sells for $26 million

New Retail Center Lands More Tenants

A Riverside shopping center anchored by a Smart & Final has been sold. The property, at 5130-5290 Arlington Ave., attracted multiple offers and ultimately sold for $26.2 million, according to CBRE. The buyer was Tarski Group LLC,  a Long Beach investment group. Heritage Plaza LLC and UAP-Heritage LLC, both developers …

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Garner Holt starts internship program

Garner Holt Productions, the Redlands company that makes animatronic devices used by amusement parks, is providing internships to Inland high school students. The company has partnered with the San Bernardino County Workforce Development Department to help local youth learn about potential careers in science, technology, engineering, arts, and math, according …

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IE industrial market stays strong

The Inland Empire’s industrial market continued to soar during the third quarter, with lease rates on the rise and vacancy trending down, according to a report. Lease rates for industrial space in Riverside and San Bernardino counties in that three-month period averaged 59 cents per square foot, up from 53 …

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Chipotle’s Morongo restaurant first on tribal land in California

Chipotle Mexican Grill has opened a restaurant on the Morongo Band of Mission Indians reservation. Tribal officials and representatives from the restaurant chain gathered Monday for a grand opening ceremony, according to a statement. This is the first Chipotle to be opened on tribal land in California. It’s also one …

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Berkshire Hathaway residential division opens Beaumont office

Inland Empire office market continues to improve

Berkshire Hathaway HomeServices Perrie Mundy Realty Group has opened an office in Beaumont. The facility, at 1484 W. Second St., will operate as Berkshire Hathaway HomeServices California Realty, the same name it uses at its Riverside and Moreno Valley offices, according to a statement. The real estate brokerage’s Redlands headquarters …

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Sears BK filing leads to two local closures

Two Inland Empire K-Marts will close as a result of Monday’s Chapter 11 bankruptcy filing by Sears Holdings Corp. The stores at 2530 S. Euclid Ave. in Ontario and 375 E. Alessandro Blvd. in Riverside are among the 142 stores nationwide – 65 Kmart and 77 Sears – that are …

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