IE Business Daily Business news for the Inland Empire.
An industrial park in Mira Loma has been sold for nearly $30 million. Mira Loma Industrial Center South consists of five free-standing buildings at DeForest Circle and Nobel Court and covers nearly 173,000 square feet, according to Cushman & Wakefield Ontario, which negotiated the transaction. The project was completed in …
Read More »Ontario changes direction on Meredith property
Once envisioned as a gateway to the Inland Empire that would be anchored by high-end office projects, the 250-acre parcel at Interstate 10 and Archibald Avenue is now the Meredith International Centre and is a mix of retail, residential and industrial. Office development will likely go in other parts of …
Read More »One more bad month for Southern California home sales
The Southern California housing market suffered another rough month in June, according to data. Sales of new and existing houses and condominiums fell 8.8 percent year-over-year, from 22,804 in June 2018 to 20,790 last month, CoreLogic in Irvine reported. That was the lowest total sales for the month of June …
Read More »Fitness center leases space in Ontario
A fitness center will occupy part of a former Kmart in Ontario. Planet Fitness has leased 24,345 square feet of the 100,000-square-foot structure at 1670 E. Fourth St., according to Progressive Real Estate Partners in Rancho Cucamonga. Terms of the lease were not disclosed. Progressive Real Estate negotiated the agreement …
Read More »Riverside County property value increases
Property value in Riverside County grew six percent during the 2018-2019 fiscal year, county officials announced. All sectors of the Riverside County real estate market grew during the fiscal year that ended June 30, leaving the taxable value of all property in the county at $302 billion, according to Assessor-County …
Read More »Site of future industrial project sells
A 9.8-acre site in Perris that is the future home of an industrial building has been sold. The property at the southwest corner of Harley Knox Boulevard and Redlands Avenue next to to Interstate 215 sold for an undisclosed sum, according to Newmark Knight Frank and CBRE, both of whom …
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