Office vacancy in the Inland Empire was essentially unchanged during the second quarter, according to a report. Empty space in Riverside and San Bernardino counties accounted for 7.5 percent of the region’s office market in the second quarter, down from 7.7 percent in the first quarter, according to CBRE. Office …
Read More »Fontana industrial properties sold
Three Class-A industrial buildings in Fontana have been sold for $83.5 million. Bridge Logistics Properties, a specialist in logistics management and investments, bought the properties from a seller whose name was not released, according to a statement. The recently constructed buildings are at 14074 Rancho Court (100,039 sf), 14019 Rose Ave. …
Read More »Inland broker negotiates Fresno transaction
Progressive Real Estate Partners in Rancho Cucamonga has negotiated the sale of a Fresno shopping center. A Los Angeles investor whose name was not released bought Peppertree Plaza for $6.6 million, according to a statement on Progressive’s website. Progressive represented the seller, a Bay Area investor who also wished to …
Read More »State housing market rebounds
The California housing market bounced back in June, reversing three consecutive months of declining sales. Sales of existing single-family homes totaled 264,260 in June, up four percent from 254,190 from May and down 0.3 percent compared with June 2024, according to the California Association of Realtors. Those seasonally adjusted numbers …
Read More »New homes in Perris
KB Homes is holding the grand opening of a community of homes in Perris. Rockridge is at Walnut Avenue and Sherman Road, near Interstate 215, Highway 74, and several of Riverside County’s major employment centers, including Riverside University Health System, according to a statement. The one- and two-story homes at …
Read More »PREP negotiates LA County lease
Progressive Real Estate Partners in Rancho Cucamonga has negotiated a lease in the San Gabriel Valley on behalf of an Asian-themed variety store. MINISO has signed a 10-year lease to locate in a former Chase Bank building in Bixby Hacienda Plaza, 17247 Colima Road, according to a statement on Progressive’s …
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IE Business Daily Business news for the Inland Empire.