NAIOP Inland Empire is scheduled to hold its Industrial 2016 Kick Off and Networking Event Feb. 3 at the Ontario Convention Center. The gathering, which will run from 1:45 to 6 p.m., will include a review of the industrial and office markets in the Inland Empire in 2015 and a …
Read More »Southern California Housing Continues to Shine
The Southern California housing market got even hotter in December, as the price of a single-family home reached its highest point in more than eight years. The median price of a single-family home last month was $443,000, a 6.7 percent year-over-year increase and the highest price recorded in the region …
Read More »Shopping Center Changes Hands
A shopping center in Chino has been sold. Chino Promenade, a 64,082-square-foot facility that is 86 percent leased, sold for $10.8 million, according to a statement released Tuesday by CBRE Group Inc. Crown Financial, which CBRE represented, sold the property to LJZ Murrieta LLC, a private investment group that plans …
Read More »NAIOP Names Board Members
NAIOP Inland Empire has named its Board of Leadership for 2016. Matt Englhard of Proficiency Capital LLC will serve as president during the upcoming year, while Joe Cesta of CBRE Group Inc. will serve as president-elect and Steve Haston of Lee & Associates will be treasurer, according to a statement. …
Read More »Inland Empire Retail Properties Sold
Marcus & Millichap has announced the sale of Vineyard Marketplace II in Rancho Cucamonga. The 9,349-square-foot property at 11460 Kenyon Way sold for $4.3 million, according to a statement released Thursday. Names of the buyer and seller were not disclosed. Vineyards Marketplace II is at the southeast quadrant of the …
Read More »Industrial Building Planned
Newcastle Partners Inc. has purchased land in Chino where it plans to develop an industrial building. The 78,000-square-foot structure will be built on 3.6 acres at 5490 Schaefer Ave., property Newcastle purchased from the city of Chino for an undisclosed sum, according to a statement. Lee & Associates represented Newcastle …
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