Empire Corporate Center, one of the more visible office properties in the Inland Empire, has been sold. The four-story, Class A project at 800 Haven Way – currently 83 percent occupied – sold for $16.5 million, according to a statement released Monday by Newmark Knight Frank. MGR Services in Upland …
Read More »Delinquent mortgages reach record low
Four point six percent of all U.S. mortgages in July were in some state of delinquency during July, a year-over-year decline of nearly one percent, according to data released Tuesday. In the Inland Empire, 4.3 percent of all mortgage payments in July were overdue by at least 30 days, compared …
Read More »Aldi to open in Temecula
Aldi, the global discount supermarket chain, is scheduled to open its first Temecula store later this month. Grand opening festivities, including a ribbon-cutting ceremony, a Golden Ticket giveaway to the first 100 shoppers in line and a free-produce-for-a-year sweepstakes, are scheduled to begin at 7:45 Oct. 26, according to a …
Read More »SB office building sells
A Class-A office building in San Bernardino has been sold. Northpointe sold to TPG Capital & Gramercy Property Trust, a partnership that buys and manages office properties nationwide, for $45 million, according to a statement released Monday by Newmark Knight Frank. The seller was Founders Properties LLC, a privately held …
Read More »OIA chief executive no longer interim
Mark Thorpe has been named chief executive officer of Ontario International Airport. Thorpe, who was named the airport’s interim chief executive in July, had the temporary status removed from his title during a special meeting Saturday of the Ontario International Airport Authority, according to a statement. All five members of …
Read More »Personal chef tweaks his business model
Rather than cook meals for people in their homes, Mike Hasson is preparing food in advance and delivering them to his busy customers. It’s easier and more affordable than dealing with a personal chef, says one of his clients. Mike Hasson recently decided to make a slight change to how …
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