An estimated 2.7 million renters in the United States were evicted from their residences last year, according to data released Monday. That number could be low because there is no national database on evictions. Also, the U.S Census Bureau doesn’t track eviction-related data, although it’s scheduled to begin doing so …
Read More »Retail Leases Announced
WestMar Commercial Real Estate in Temecula has announced three lease signings in southwest Riverside County. Juice It Up, the juice bar chain that specializes in real fruit smoothies, has agreed to lease 1,131 square feet of retail space at Vail Headquarters at Red Hawk Town Center, according to a statement. …
Read More »Stater Bros. Names Board Chairman
Phillip J. Smith has been named chairman of the board of Stater Bros. Markets. Smith, a Stater Bros. employee for nearly 30 years, replaces Jack Brown, who died last month, according to a statement released Monday. “I am honored to have been elected to the position of chairman of the …
Read More »Company Selling, then Leasing Back its Office Space
A chain of medical offices in the Inland Empire is selling its office space to private investors, then leasing that space back in attempt to cut costs. Inland Psychiatric Medical Group Inc. began selling its 10 Inland Empire properties about two years ago, and is expected to sell the last …
Read More »Murrieta Mall Lands Pair of Tenants
A sandwich shop and an ice cream parlor have leased space at a Murrieta shopping mall. Jimmy John’s Gourmet Sandwiches has signed a 10-year agreement to occupy 1,325 square feet of space at Murrieta Springs Plaza, a grocery-anchored shopping center at 25296 Madison Ave., according to WestMar Commercial Real Estate …
Read More »Local Credit Unions are Enjoying their Bottom Line
Membership and deposits are up, and that trend is likely to continue as long as the economy stays strong, according to the industry’s local trade association. Things are definitely looking up for the California and Nevada Credit Union Leagues. The Ontario-based non-profit, which represents 23 credit unions in Riverside and …
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