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Local NAIOP chapter names board members

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NAIOP Inland Empire has named its leadership board for the upcoming year. The 41-member board, which was announced earlier this month, will spend the next 12 months carrying out the board’s mission: to advance real estate and economic development in Riverside and San Bernardino counties, according to a statement. Specifically, …

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LA reluctant to hand over airport documents

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Attorneys for Los Angeles are asking a Riverside County Superior Court judge to reconsider her order requiring the city to give Ontario nearly 400 documents pertaining to Ontario’s lawsuit that seeks control of Ontario International Airport. Judge Gloria Connor Trask issued the order Friday after both sides agreed to the …

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Industrial market to continue its surge

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The U.S. industrial market is expected to continue its strong resurgence in 2015. Demand is again expected to outpace supply, while available space will decline and rents are predicted to rise, according to CBRE Group Inc.’s 2015 U.S. Industrial Outlook. In other words, the industrial market’s four-year surge is expected …

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Inland region has a new largest school district

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One hundred and twenty eight years after it started, the Corona-Norco Unified School District can for the first time boast of the largest enrollment of any district in the Inland Empire. For years the district has trailed the San Bernardino City Unified District, but no longer: Corona Norco has 53,655 …

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Inland retail market expected to do well in 2015

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Just don’t look for anything spectacular. Lease and vacancy rates will improve only slightly, and very little construction will happen. The market is treading water, waiting for the full economic recovery believed to be a year away. The Inland Empire retail market, which was stopped cold when the Great Recession …

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Home foreclosures drop

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Nationwide foreclosures of single-family homes are down, another sign of the housing market continuing its slow recovery. There were 41,000 completed foreclosures in November, a 9.6 percent decline compared with November 2013, according to CoreLogic’s monthly report on the U.S. foreclosure market, which was released last week. Compared with last …

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