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Tag Archives: Real Estate

Tire company leases warehouse-distribution space

Inland Empire Business News for May 13th, 2014.002

A major tire company has leased a warehouse-distribution facility in Chino. Yokohama Tire Co. will use the 658,000-square-foot building as its distribution headquarters in the western United States, according to a statement released Wednesday. The new building will replace Yokohama’s 380,000-square-foot facility in Fullerton. Financial terms were not disclosed, and …

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Home flipping stays around the Inland region

Inland Empire News for April 13th.002

Despite the housing recovery, private investors are still buying and refurbishing houses in the two-county region and often selling them for a quick profit. Some say the practice artificially drives up prices and slows the market, but the practice has its defenders. Home flipping is alive and well in the …

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State home sales down

Warehouse Deal Approved As Property Values Drop.001

Single-family home sales in California remained sluggish in June. Nearly 395,000 units were sold statewide last month, the eight consecutive month that sales were below 400,000, according to data released Wednesday by the California Association of Realtors. That was a 1.5 percent increase compared with May but a 4.8 percent …

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Office complex sold

Inland Empire Businesses Coach Next Generation.002

A two-building office complex in Murrieta has been sold. The buildings at Interstate 15 and Kalmia Street sold for $7.75 million, according to Avison Young, the commercial real estate firm. Avison Young’s Irvine office represented the seller, Village Walk Square LLC, and the buyer, Village Walk Murrieta LP. The sale …

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Home prices rise, but sales tumble

Inland Empire News for April 2.004

Home sales and prices in Southern California moved in opposite directions last month. The median price of a single-family home last month was $415,000, an eight-percent year-over-year increase and the highest median price in 77 months, according to DataQuick in La Jolla. While prices soared, sales in the six-county region …

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Inland office market perks up

Inland Empire Businesses Coach Next Generation.002

The Inland Empire office market is showing some signs of life. More than 94,000 square feet of space was absorbed during the second quarter, and more than 152,500 square feet of space was under construction as the quarter ended, according to Voit Real Estate Services’ second quarter report on the …

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