The Inland Empire’s industrial market continued to perform well during the third quarter, though several sectors did record minor drops during that time. Average lease rates reached 51 cents during that three-month period, up an average of 10 cents year-over-year and higher than the peak years of 2007-08, according to …
Read More »Another Stater Bros. on tap
Stater Bros. will open its ninth store in Riverside, the company has announced. The facility will be located in a former Ralphs Supermarket at 315 E. Alessandro Blvd. in Mission Grove Plaza, according to a statement released Monday. The building, which covers 46,000 square feet, will undergo an extensive remodeling …
Read More »Inland Empire economic forecast healthy but residents, workers remain anxious
The message from Wednesday’s Southern California Economic Forecast remained consistent: The Inland Empire is doing well. But, in the words of Manfred Keil, Ph.D., associate professor of economics at Claremont McKenna College, speaking on the regional economy, “… you don’t feel well because there are things that need to get …
Read More »Distribution Center Sells
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. …
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