A fully-occupied industrial building in Temecula has been sold for $28 million. The 224,350-square-foot structure at 41995 Zevo Drive was purchased by Karney Properties in Santa Monica, according to a statement released by Avison Young, which negotiated the transaction. The seller was Zevo Drive Holdings Inc., an owner-operator that has …
Read More »Dollar Tree to open Fontana store
Dollar Tree, the discount store that sells everything for $1 or less, has leased space in Fontana. The retail chain has agreed to occupy 12,430 square feet in the Morningside Marketplace shopping center, 14574 Baseline Ave., according to a statement. Progressive Real Estate Partners in Rancho Cucamonga marketed the property …
Read More »Report: Inland retail market less than spectacular in third quarter
The Inland Empire retail market was somewhat flat in the third quarter, with vacancy and net absorption experiencing a year-over-year decline, according to a report. Retail vacancy in the two-county region was at 6.8 percent at the end of the third quarter, down from 7.2 percent exactly one year earlier, …
Read More »IE industrial stays strong
The Inland Empire industrial market continued to soar during the third quarter, as absorption rose and vacancy remained low, according to CBRE. About 3.2 million square feet of industrial space was absorbed in the Inland region during the quarter that ended Sept. 30, and 27.1 million square feet was under …
Read More »Inland Empire office report is a mixed bag
Office lease rates averaged $2.01 per square foot in the Inland Empire at the end of the third quarter, the first time in 10 years the price of local office space reached $2, according to a report released Monday. That was the good news regarding the Inland office market in …
Read More »Report: So Cal apartment rents expected to rise
Southern California apartment dwellers are likely to pay at least $100 more in rent per month by 2021, a recent study predicts. During the next two years, rents will increase by $139 in Los Angeles County, $106 in Orange County, $209 in San Diego County, $110 in Ventura County and …
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