The Inland Empire office market just registered its strongest quarter in more than three years. Lease rates were stable during the third quarter, dropping only two cents from the previous three months to $1.85 per square foot, according to CBRE Group Inc. The region’s vacancy rate still has some ground …
Read More »
Cash sales of Inland Empire homes were essentially unchanged in July, according to data released Wednesday. Cash transactions accounted for 23.2 percent of all homes sold in Riverside and San Bernardino counties during that month, a year-over-year drop of 0.6 percent, Irvine-based CoreLogic reported. That was below the national rate, …
Read More »
By Edward L. Fixen As business owners we spend considerable time trying to increase sales and reduce expenses. While these are critical to the profitability and value of any business, they are by no means the only factors that are instrumental to increasing the value of a business. Anything that …
Read More »
A retail building that houses national and regional tenants has been sold. The property, which is part of the Hesperia Marketplace Shopping Center at Main Street and Escondido Avenue, sold recently for $8.5 million, according to Hanley Investment Group Real Estate Advisors in Corona Del Mar. Pacific Development Group in …
Read More »
CVB Financial Corp., the holding company of Citizens Business Bank, reported net income of $25.4 million for the third quarter, a drop of $2.5 million from the third quarter of 2015, the company has announced. Earnings per share for this year’s third quarter was 23 cents. That was the same …
Read More »
Avison Young, the commercial real estate firm, has negotiated a 15-year lease on behalf of 24 Hour Fitness in Riverside. HFC/PRP Madison LLC, the property’s owner, represented itself in the negotiations, according to a statement. Financial terms of the lease were not disclosed. The 38,000-square-foot facility is at 3490 Madison …
Read More »
IE Business Daily Business news for the Inland Empire.
