While no one will mistake it for the region’s industrial sector, the long-struggling Inland Empire office market is showing signs of life. Vacancy fell to 16 percent during the first quarter of this year, down from 17 percent during the fourth quarter of 2014 and down from 19 percent year-over-year, …
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The practice of buying a home so it can be sold, rather than occupied by the owner or a renter, rose nationwide during the first quarter of 2015, an online newsletter that covers the housing industry has found. Overall, the number of investment buyers who said they planned to “flip” …
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A developer has broken ground on a 750,000-square-foot industrial building in Fontana. Long Beach-based Pacific Industrial will develop the building at Sierra Pacific Center, the industrial park the company is developing in the 5800 block of Sierra Avenue, according to a report in GlobeSt.com, a real estate publication. Pacific Industrial …
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The Inland Empire’s foreclosure crisis is going away, but it’s not over yet. Riverside and San Bernardino counties recorded more than 2,000 foreclosures every month during 2014 and during the first three months of 2015, according to a report in The Press-Enterprise. More than 2,300 such filings were recorded in …
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One of the world’s largest owners of industrial properties just got bigger. San Francisco-based Prologis, in partnership with Norges Bank Investment Management, has bought KTR Capital Partners for $5.9 billion, according to a Prologis statement. KTR Capital, which is headquartered in New York and Philadelphia, owns nearly 70 million square …
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Single-family home sales in Southern California were up 11 percent in March compared with the previous year, while median prices hit their highest point in more than seven years. Last month, sales of new and previously owned houses and condominiums reached 19,603, up from 17,638 in March 2014, according to …
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IE Business Daily Business news for the Inland Empire.
