A multi-tenant office building in downtown San Bernardino has been sold. The structure, at 655 W. Second St., sold for $14.5 million to Charter School Capital in Portland, Ore., CBRE Group Inc. said. The building covers 86,600 square feet and is currently 80 percent occupied by two tenants: the Fortune …
Read More »Inland Empire industrial market keeps rolling
The Inland Empire remained the strongest industrial market in the United States during the first quarter of this year, with an estimated 40 percent of the nation’s transactions happening in the two-county market, according to data released Monday. Nearly three million square feet of industrial space went online in Riverside …
Read More »Industrial building sells, will be enlarged
An industrial building in Riverside has been sold. The structure, at 7145 Arlington Ave., sold recently for an estimated $17.8 million, according to a statement. CBRE Group Inc. represented the seller, The Abbey Company, a privately held real estate investment and management firm in Garden Grove. The buyer, whose name …
Read More »Office market healthier than previously thought
A report says the Inland Empire has absorbed more space than Los Angeles and Orange County since the recession ended in 2010. While it’s not a full-fledged recovery, it’s at least a piece of good news. The Inland Empire office market might be in better shape than previously reported. No, …
Read More »Major housing development sold
Two major homebuilders have purchased parcels in Terramor, a master-planned community in unincorporated Riverside County. The lots, part of the development’s first phase, were purchased by KB Home in Los Angeles and CalAtlantic Homes in Arlington, Va., according to a statement released today. KB Home will build two neighborhoods that …
Read More »Tenant sough for fulfillment center
Colliers International and Lee & Associates Commercial Real Estate Services are marketing a fulfillment center in Rialto that could ultimately employ between 200 and 500 people. The I-210 Logistics Center II, which was completed last year, covers nearly 760,000 square feet and was part of a $2 billion real estate …
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