IE Business Daily Business news for the Inland Empire.
Foremost Cos. has bought a 100,000-square-foot office building in Pomona. The structure, at 901 Corporate Center Drive, is part of the University Corporate Center business park, according to a statement. Cost of the building, and the name of the seller, were not released. The structure, which sits on 10 acres, …
Read More »SB apartments sold to Canadian firm
A Canadian investor has bought two multifamily properties in San Bernardino. Vista Group Inc., a Calgary-based condominium rental agency, purchased the complexes at 1340 N. F St. and 3943 N. H St. for a combined $8 million, according to CBRE Group Inc. Ontario. The F Street property has six studio, …
Read More »So Cal housing prices reach record high
The median price for a single-family home in Southern California last month was $507,500, an all-time high, according to data released Wednesday. The previous record was $505,000, which the market reached three times in 2007 and twice in 2017, Irvine-based CoreLogic reported in its monthly assessment of the Southern California …
Read More »Inland retail market adds space
More than 265,500 square feet of retail space was absorbed in Riverside and San Bernardino counties during the last three months of 2017, according to CBRE Group Inc. The region’s retail vacancy rate was 8.2 percent in the fourth quarter, an estimated 422,000 square feet of space was under construction …
Read More »Local industrial market keeps humming
The Inland Empire absorbed close to five million square feet industrial space in the fourth quarter of 2017, as its overall vacancy rate fell to 3.7 percent, according to a report. An estimated 23 million square feet of industrial space was under construction during the last three months of last …
Read More »Chino property to be residential community
A homebuilder has purchased vacant land in Chino, where it will develop a residential community. Century Communities in Rosemead bought the 122-lot infill parcel between Fern Avenue and Interstate 83 for an undisclosed sum, said Les Whittlesey, founding partner with WD Land in Irvine. The seller was Stratham Investments. WD …
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