IE Business Daily Business news for the Inland Empire.
Three fully-leased industrial buildings in Eastvale have been sold. The structures, at 6285-6330 Providence Way, were sold for an undisclosed amount to LBA Realty LLC, a real estate investment and management company in Irvine, according to statement released by CBRE. Orbis Real Estate Partners in Newport Beach and Chase Partners, …
Read More »Southern California, Inland home sales drop
Southern California home sales fell 11.8 percent year over year in June, according to data. In all, 22,706 new and existing houses and condominiums changed hands in the six county region – the Inland Empire plus Los Angeles, Orange, San Diego and Ventura counties – last month, Irvine-based CoreLogic reported. …
Read More »CBB Arena makes upgrade
A patio has been added to the north end of Citizens Business Bank Arena in Ontario. The project, expected to open later this summer, is an extension of the arena’s main concourse that will cover about 10,000 square feet and accommodate up to 1,200 guests, according to a statement. More …
Read More »Rialto DC sold
A 130,600-square-foot warehouse-distribution center in Rialto has been sold. The property, at 360 S. Lilac Ave., sold for $11.4 million, according to buyer Westcore Properties, a global commercial real estate firm. The seller was Legacy Ranch Inc. The transaction was announced Tuesday. Westcore plans to spend about $1.5 million upgrading …
Read More »Moreno Valley, school district form partnership
Moreno Valley and the Moreno Valley Unified School District have established a joint program designed to help special needs students. The Mayor’s Apprenticeship Program Promoting Employment Development will allow students to gain work experience, according to a statement on the city’s website. The agreement, the first of its kind between …
Read More »SB approves public improvements program
San Bernardino has approved a $107 million public improvements program for infrastructure upgrades and other projects, the largest such project undertaken by the city in years. Improvements will include replacing 200 street lights with energy efficient LED lights, new asphalt vehicles and pickup trucks for maintenance crews and slurry seal …
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