A third-party logistics company has renewed its lease on a building in Perris. GPS Logistics & Warehouse will remain in the 205,589-square-foot building at 100 Walnut Ave. for 65 months, according to Avison Young’s Inland Empire office. Financial terms of the agreement were not disclosed. Avison Young represented the landlord, …
Read More »UCR’s freshman class is its highest ever
UC Riverside is pretty popular these days. The university will welcome 71,069 first-year and transfer students at the start of the upcoming fall semester, by far the most in its 71-year history, according to a statement on the school’s website. The previous record was set one year ago, when 51,345 students began …
Read More »ONT approves new operating agreement
Ontario International Airport has approved a lease that will be a blueprint for future expansion and development. The 132-page document replaces a use-and-lease agreement adopted in 1999, when Ontario International was owned by Los Angeles World Airports, according to a statement on the airport’s website. Los Angeles World Airports – …
Read More »Panera Bread property sold
A retail property in Montclair occupied by a Panera Bread restaurant has been sold for $5.7 million. The 3,950-square-foot parcel at 5212 Moreno St. sold for $1,451 per square foot, reportedly the most paid per square foot for a Panera-occupied site this year, according to a statement released by SRS Real …
Read More »San Bernardino opens downtown attraction
San Bernardino officials hope an upgraded alley will become a downtown gathering spot. Sole Alley, formerly known as 4th Street Alley, opened earlier this month with a three-hour gala attended by Mayor Helen Tran and members of the city’s arts council, according to a statement. The alley between D and …
Read More »U-Haul repair facility closes
After 54 years in business, a U-Haul repair shop in San Bernardino is closing its doors. The facility at 891 S. Arrowhead Ave. which opened in 1971, laid off 37 employees last month after suspending all repair and maintenance work, according to a statement released July 23 by U-Haul. The …
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IE Business Daily Business news for the Inland Empire.