Home prices, including distressed sales, increased in the Inland Empire during June, according to data released Tuesday. Prices were up 5.8 percent year-over-year and 0.6 percent compared with May, Irvine-based CoreLogic reported in its monthly study on U.S. housing prices. That was essentially the same as the national rate: a …
Read More »Health Club Building Sells
A 33,350-square-foot retail building in Upland has been sold. The freestanding building at 685 W. Foothill Blvd., which is fully occupied by a 24 Hour Fitness, sold for $6 million, according to Irvine-based Faris Lee Investments. That price works out to $180 per square foot, said Jeff Conover, senior managing …
Read More »Agreement Reached Regarding Mega Logistics Center
Moreno Valley, Riverside County, the county’s transportation commission and developer Highland Fairview have reached a collective agreement that supports development of Highland Fairview’s World Logistics Center. The pact requires all four entities to finance a $1 million regional transportation study that will establish a logistics-related regional transportation fee, according to …
Read More »Inland Empire Manufacturing Slows
The Inland Empire’s purchasing manager’s index took a major drop during July, falling below 50 for the first time since December. The index fell to 46.5 last month, down nearly eight points from June’s 54.4, according to data released Sunday evening by the Institute of Applied Research and Policy Analysis …
Read More »Report: E-Commerce Leads Logistics Growth
A study by CBRE Group Inc. has confirmed what anyone familiar with the Inland Empire industrial market probably already knew: the growth of e-commerce warehouse-distribution centers has fueled an unprecedented rate of development in the region. Development in the 12 largest inland-port markets in the United Sates is growing at …
Read More »Strapped for Funds, Inland Empire Cities Look to Levy Taxes
Hemet and Temecula will have proposed sales tax increases on their local ballots this fall, and Riverside is considering doing the same. All three municipalities say they need more money to provide basic services, including police and fire protection. When Hemet voters enter the ballot box on Nov. 8, they …
Read More »