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 …
Read More »On The Move
Lisa McConnell has been promoted to captain by the Riverside County Sheriff’s Department and placed in charge of its Southwest Station. McConnell’s appointment was announced Monday by Riverside County Sheriff Stan Sniff, according to a statement on the department’s website. A 26-year department veteran, McConnell replaces Jeff Kubel, who was …
Read More »On The Move
Kelly Roberts, co-owner of The Mission Inn in Riverside and wife of local businessman Duane Roberts, has reportedly been named U.S. ambassador to Slovenia by President Trump, according to published report. The Roberts’ are major donors to the Republican Party, having given more than $1.2 million to GOP candidates and …
Read More »More jobs, but employment rate is stagnant
The U.S. economy added 209,000 non-agricultural jobs in July, the U.S. Department of Labor reported Friday. Unemployment remained essentially unchanged last month at 4.3 percent, although that did match the 16-year low the nation’s jobless rate reached in May, according to the department’s monthly jobs report. Average hourly earnings in …
Read More »