Ontario Airport Distribution Center, a 102,440-square-foot facility, has been sold. The building, at 1521 S. Hellman Ave., sold for $12 million to Parter Medical Products LLC in Ontario, according to a statement. The seller was Newcastle Partners Inc., a San Francisco-based real estate development and investment company. Parter Medical manufactures …
Read More »On the Move
Rep. Ken Calvert, R-Corona, recently received the S. Roy Wilson Memorial Award for Leadership in Government by the South Coast Air Quality Management District. Calvert, who is now serving his twelfth term in Congress, was recognized for his work as chairman of the House Energy and Environment Committee’s Science subcommittee, …
Read More »OIA Gets Positive Bond Rating
Ontario International Airport has received an “A-” rating for its fixed rate municipal bonds, which total approximately $52.2 million. The airport, which is scheduled to transfer ownership from Los Angeles World Airports to the Ontario International Airport Authority next month, was also given a “stable” outlook by Fitch Ratings Inc. …
Read More »Rental Rates Drop Nationally, Rise Locally
Rental rates of multifamily properties throughout the United States were flat in September, the first such drop in nearly one year. Average monthly rents last month were $1,219, a drop of $1 from August, according to Yardi Matrix, a commercial real estate research and data service that specializes in the …
Read More »WHITHER CHINA? Part 3
By John Tulac In this installment, I will identify several significant actions being taken by the Chinese government and how these impact U.S. businesses. Certain actions, trends or developments, could negatively impact any business dependent on China for any part of its supply chain. In the past year, China has …
Read More »Stater Water Conservation Slips
Californians were less diligent about saving water during August, as the state’s conservation rate fell below 20 percent. Statewide, residents used 17.7 less water during August than they did in August 2013, well below the 20 percent reduction they reached in July, the State Water Resources Control Board reported Wednesday. …
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