Speculative projects aren’t on the horizon, but otherwise absorption should continue and vacancy should drop, according to several local brokers. The Inland Empire office market might be one of the most unusual office submarkets in California, if not the United States. The office market in Riverside and San Bernardino counties …
Read More »A two-building office complex in Murrieta next to Highway 79 has been sold. Silverhawk Corporate Center at Winchester and Murrieta Hot Springs Road sold for $14.3 million, according to a statement released by CBRE. The seller was Silverhawk Partners, an investment group represented by CBRE during the sale negotiations. The …
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With the economy strong and people spending, the local retail market should be strong, but probably not spectacular, next year. If its third quarter performance is any indication, the Inland Empire’s retail market will be strong as it enters 2019. Net absorption in July, August and September was more than …
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A strip mall in Menifee has been sold to a private investor. The Shops at Town Center Marketplace, located at 30029-30067 Haun Road, changed hands for $9.4 million, according to a statement released by CBRE. Buyer and seller were both represented by CBRE. Neither party’s name was released. The project, …
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A Brea company that makes consumer networking products is moving to Chino Hills. TP-Link USA Corp., a worldwide provider of routers, range extenders, switches network adapters and other products, has bought the Chino Hills Commerce Center for $15.9 million, according to a statement released by Newcastle Partners Inc. in San …
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A 37,000-square-foot building in Temecula occupied by LA Fitness has been sold. The structure, at 29920 Temecula Parkway, sold for $13 million to a family trust in Los Angeles whose identity was not disclosed, according to a statement released by Hanley Investment Group Real Estate Advisors in Corona Del Mar. …
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IE Business Daily Business news for the Inland Empire.
