Six retail tenants have signed leases at Metro at Main, a new mixed-use community in Corona. Coffee Bean & Tea Leaf, America’s Best Vision, Poki Cat, Organic Junkie, Meraki Salon and Union Barber & Beer Lodge have all agreed to locate at the project at North Main and Rincon streets, …
Read More »National, local delinquent mortgages fall
Four and one-half percent of all mortgages in the United States were delinquent during May, a year-over-year decline of .8 percent, according to data released yesterday. In May, the number of properties in some stage of foreclosure inventory was 0.7 percent, compared with one percent one year earlier, Ivine-based CoreLogic reported. …
Read More »Stater Bros. expands delivery operation
Stater Bros. is expanding its Instacart delivery service into the Inland Empire along with other parts of Southern California. Beginning Tuesday, the same-day service will be added to cities in Riverside and San Bernardino counties as well as the San Gabriel Valley and parts of Los Angeles, according to a …
Read More »Industrial park changes hands
An industrial property in Ontario has been sold. Transpark Industrial Center at 3000 – 3072 Inland Empire Blvd. sold recently for approximately $27 million, according to CBRE Group Inc. The buyer was Rexford Industrial, a Los Angeles real estate firm that specializes in industrial properties. The seller was The Abbey …
Read More »Lawsuit brings sublease arrangement at Chino Airport to light
San Bernardino County officials are trying to find out if a pact between two aviation companies violates county regulations. San Bernardino County is investigating whether a fixed-base operator at Chino Airport entered into a sublease agreement with another aviation company that may violate county regulations regarding subleases at the airport. Flying …
Read More »Inland Empire rents rise
The average monthly multifamily rent in the United States last month was $1,350, a month-over-month increase of only $1, a report released Thursday stated. Year-over-year, multifamily rents were up 2.6 percent in July, according to Yardi Matrix, a global commercial real estate research and data firm. Multifamily rents have gone …
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