IE Business Daily Business news for the Inland Empire.
A medical office building in Moreno Valley has been sold for $6.9 million. Centurion Fuchigami International Inc., a corporate database in Irvine, bought the single-story structure at 22555 Alessandro Blvd., according to a statement. The building, which covers 14,600 square feet, was fully leased at the time of sale. Its …
Read More »Credit unions to land in San Bernardino’s Hospitality Lane district
Two credit unions have signed leases in San Bernardino’s Hospitality Lane business district. Navy Federal Credit Union will occupy a 6,040-square-foot freestanding building at 1049 E. Harriman Place, between Sam’s Club and BJ’s Restaurant & Brewhouse, according to a statement. Arrowhead Credit Union will occupy a 7,433-square-foot building at 575 …
Read More »Temecula building sells for nearly $11 million
A vacant logistics building in Temecula has sold. Westcore, a San Diego-based real estate acquisition and asset management firm, bought the structure at 27731 Diaz Road for $10.8 million, according to a statement. “We plan to refresh the warehouse’s existing office space, repaint inside and out and pave the unimproved …
Read More »Ontario industrial building sold
An industrial building in Ontario has sold for $12.9 million. The building, at 3120 E. Mission Blvd., covers 103,376 thousand square feet on 5.8 acres, according to a stament released by CBRE. Dermody Properties, a commercial real estate investment firm in Reno, was the buyer. The seller was The Safariland …
Read More »Car wash chain to locate in Victorville
A self-service car wash chain plans to build its first facility in the Mojave River Valley on a Victorville parcel it bought recently. Quick N Clean is expected to open next spring at 14812 Bear Valley Road, according to a statement released by Progressive Real Estate Partners in Rancho Cucamonga. …
Read More »Industrial report is the calm before the storm
Voit has released its first quarter numbers for the Inland Empire’s industrial sector. It could be the last good report on the local industrial market for awhile. The average lease rate of 72 cents per square foot was essentially unchanged from exactly one year earlier, and the vacancy rate – …
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