The Inland Empire’s industrial sector continued to roar during the second quarter, with e-commerce and its accompanying big-box properties accounting for most of the onslaught. Vacancy dropped to 3.3 percent, its lowest level in the current boom cycle, while net absorption rose to 4.7 million square feet, according to CBRE …
Read More »No defense witnesses in Colonies trial
Defense attorneys for all four defendants in the Colonies Crossroads corruption trial rested yesterday without any of them calling a witness to testify. The move came as a surprise. Lawyers for developer Jeff Burum, former San Bernardino County Supervisor Paul Biane, former assistant county assessor Jim Erwin and Mark Kirk, …
Read More »Inland retail posts strong quarter
The Inland Empire retail market performed solidly during the second quarter, posting a drop in vacancy and a rise in net absorption. Vacancy during the second quarter was 8.9 percent, below 2016 levels and about where it was two years ago, according to CBRE Group Inc. Despite some anchor store …
Read More »Industrial market is stronger than it looks
Driven by several factors, the current industrial boom is a lot stronger -and potentially has more staying power – than the boom of 2005-2007, according to a recent report. It’s no secret that e-commerce is behind the huge growth in the industrial sector, both throughout United States and locally in …
Read More »Riverside prepping for Festival of Lights
Applications are now being accepted for Riverside’s 25th annual Festival of Lights, the city’s yearly Christmas and New Year celebration. The applications, which are available online at www.riversideca.gov, are for horse carriage vendors, artisans and regular vendors. They’re due between July 21 and Aug. 11, depending on which activity is …
Read More »On The Move
Rodrigo Guerra Jr. has been named to the board of directors of CVB Financial Corp. Guerra, whose appointment was effective July 1, was also named a director of Ontario-based Citizens Bank, according to a statement. When he retired last year, Guerra was a partner in the Los Angeles law office …
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