Tag Archives: featured

Vacancy is declining and lease rates are holding steady, but speculative development probably won’t happen in 2016. Absorption will likely continue, and maybe even accelerate, if interest rates remain low. While far from reaching a full recovery, the Inland Empire’s office market showed signs of life during 2015. Its vacancy …

A neighborhood shopping center in Victorville has been sold. The Shops at Bear Valley, a four-building facility that is 95 percent occupied, has sold for $9.8 million, according to a statement released Friday by Faris Lee Investments. The buyer was an investment company in Beverly Hills whose name was not …

Two new restaurants are being planned for downtown Riverside. Chow Alley@Courthouse Piazza and Mess Hall on Market are expected to break ground sometime next year, although opening dates have not been determined, said Emilio Ramirez, Riverside’s deputy director of community and economic development. The city council on Tuesday approved an …

Moreno Valley has selected its mayor and mayor pro tem for 2016. Yxstian Gutierrez will serve as mayor and Jeffrey Giba (pictured) will serve as mayor pro tem during the upcoming year, according to a statement. Both are scheduled to be sworn in during a ceremony Thursday at Moreno Valley …

A Los Angeles-based company has purchased industrial property in Ontario. Rexford Industrial Trust Inc., which specializes in owning and operating industrial properties in infill markets, bought three buildings at 601-606 S. Milliken Ave. for $13 million, according to a statement released Thursday. The buildings sit on 7.2 acres and cover …

Inland Empire credit unions put up some impressive numbers during the third quarter of 2015. The 23 credit unions based in Riverside and San Bernardino counties posted a record $2.57 billion worth of deposits during the quarter, according to a report released Tuesday by the California & Nevada Credit Union …