Avison Young has completed the sale of a 206-unit apartment complex in Moreno Valley. Legends at Rancho Belago sold for $33.8 million to a group of private investors, according to a statement released Tuesday. The property at 13292 Lasselle St. was built in 1993 as a 40-unit condominium project. The …
Read More »Inland Empire second in mega-warehouses
E-commerce is creating a strong demand for large warehouse space throughout the United, States, and the Inland Empire is right in the middle of that trend. Between 2010 and 2016, 13 industrial buildings of one million square feet or more – covering 15.4 million square feet – were built in …
Read More »Riverside talks partnerships with sister city
Riverside is working on several potential agreements with Ensenada, Mexico, its sister city. Mayor Rusty Bailey and city council members met recently with a delegation from Ensenada to discuss projects the cities might work on, including educating deaf students to exporting Mexican seafood worldwide through the civilian part of March …
Read More »Ashley sworn in to AQMD board
Riverside County Supervisor Marion Ashley has joined the governing board of the South Coast Air Quality Management District. Ashley, who was sworn in Friday, will represent Riverside County on the district board, according to a statement. He will finish the four-year term of the late Riverside County Supervisor John Benoit, …
Read More »Logistics industry moves to urban areas
E-commerce is forcing more retailers and logistics operators to set up their delivery systems in urban areas in order to shorten their delivery times. That trend, which has been developing for several years, is leading to warehouse-distribution facilities being developed in multistory warehouses, pick-up lockers and infill service centers, according …
Read More »U.S. adds jobs, but unemployment still rises
U.S employers added more jobs than expected in January, but not enough to keep the national unemployment rate from rising slightly, according to data released Friday. Overall, the economy added 277,000 jobs during the first month of the year, with many of those in construction and retail, the U.S. Bureau …
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