The U.S. housing market posted modest gains during the last three months of 2014. Markets in 64 of approximately 350 metropolitan areas in the United States either returned to or surpassed their normal levels of economic and housing activity during the fourth quarter of last year, according to the National …
Read More »Empty office building to get overhaul
At least one real estate brokerage has some faith in the Inland Empire office market. Irvine-based Stillwater Investment Group has bought a two-story, 34,500-square-foot office building in Ontario, said John Drachman, the company’s founder and president. The building, at 1801 E. Holt Blvd., was built in 2007 and has never …
Read More »Sporting goods chain signs industrial lease
A leading sporting goods chain will expand its Inland logistics operation. Big 5 Corp. has signed a lease on 171,619-square-foot warehouse-distribution building that is under construction in Riverside, according to Lee & Associates Riverside, The building, at 6150 Sycamore Canyon Blvd., is expected to be finished in April, said Finn …
Read More »Massive warehouse project approved
A leading developer of industrial properties will be allowed to build a 1.5 million-square-foot warehouse-distribution facility in Moreno Valley. Prologis Inc. will develop the project on 122 acres south of the 60 Freeway, between Redlands Boulevard and Moreno Beach Drive, according to a report The Press-Enterprise. Following a five-hour debate, …
Read More »U.S. home sales are up
The U.S. housing market finished 2014 in solid form. Sales of newly built single-family homes were up 11.6 percent in December, to a total of 481,000 units during the last month of the year, according to data released Tuesday by the National Association of Home Builders in Washington, D.C. The …
Read More »Truck terminal changes hands
An Inland Empire truck terminal has been sold. YRC Bloomington Truck Terminal sold for $58.1 million to Realterm/NAT, a logistics company based in Annapolis, Md., said Barbara Emmons, vice chairman with CBRE Group Inc. The seller was Pacific Industrial LLC, a Long Beach company that buys and manages industrial properties, …
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