A four-building industrial portfolio that covers three Inland Empire cities has been sold for $201 million. Boston-based Cabot Properties bought each of the structures, which combined cover 669,000 square feet, from a private seller whose name was not released, according to a statement. All four buildings are fully occupied. Combined, …
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The Inland Empire multifamily market had a 95.2 percent occupancy rate at the end of the third quarter, a slight increase – 0.5 percent – from the second quarter, according to CBRE. One thousand one hundred and thirty-six multifamily units were absorbed in Riverside and San Bernardino counties during the quarter …
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A Chevron station in Highland has been sold for $9.5 million. The facility, which includes an ExtraMile Convenience Store and Express Car Wash, is at 2798 Greenspot Road near the Highlands Crossing regional shopping center, according to Progressive Real Estate Partners in Rancho Cucamonga. The property was included in the …
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A Rancho Cucamonga building that is used as a call center by Citizens Business Bank has been sold. The structure at 9337 Milliken Ave. was sold by the bank for $21.5 million to a private investor whose name was not released, according to a statement. The 47,700-square-foot building, which also serves …
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Four retail properties in San Bernardino have been sold for $7 million. The parcels, all independent of each other, are within 2505-2575 Highland Ave. and are leased to IHOP, Wienerschnitzel, Taco Bell and a 76 station, according to Progressive Real Estate Partners in Rancho Cucamonga. A 1.5-acre parcel that can …
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The Inland Empire retail market recorded 319,000 square feet of negative net absorption during the third quarter. As dismal as that number is, it’s an improvement compared with the second quarter of this year, when 419,000 more square feet of retail space was vacated than was leased in Riverside and …
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IE Business Daily Business news for the Inland Empire.
