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, …
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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 …
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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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The cost of renting an apartment in the Inland Empire is going up. Landlords in Riverside and San Bernardino counties with 100 or more apartment units were charging new tenants an average of $1,204 a month in rent between September and December of last year, according to a report in …
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NAIOP Inland Empire has named its leadership board for the upcoming year. The 41-member board, which was announced earlier this month, will spend the next 12 months carrying out the board’s mission: to advance real estate and economic development in Riverside and San Bernardino counties, according to a statement. Specifically, …
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The U.S. industrial market is expected to continue its strong resurgence in 2015. Demand is again expected to outpace supply, while available space will decline and rents are predicted to rise, according to CBRE Group Inc.’s 2015 U.S. Industrial Outlook. In other words, the industrial market’s four-year surge is expected …
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IE Business Daily Business news for the Inland Empire.
