Single-family home sales in California dipped slightly in May, mostly because of high prices and a shortage of available homes. Sales dropped 0.6 percent compared with April and were down 9.5 year-over-year, according to data released by the California Association of Realtors. Statewide, 391,030 housing units were sold last month, …
Read More »Starbucks OK’d
Redlands has approved another Starbucks. The planning commission has approved an 1,800-square-foot Starbucks at 625 Redlands Blvd., the sixth in the city, said Carl Baker, spokesman for the city. A 1,300-square-foot drive-thru restaurant will have to be demolished before construction can begin. A timeline for the project, which does not …
Read More »Shopping center sold
Rancho Temecula Town Center has been sold. The 165,486-square-foot shopping center at Winchester and Nicolas roads sold for $60 million, according to a statement released Tuesday by CBRE Group Inc. The facility, which was opened in 2007, includes Starbucks, Navy Federal Credit Union, Juice It Up, Bev Mo, and Wings-N-Things. …
Read More »NAIOP’s annual look at Inland economy scheduled
NAIOP Inland Empire will hold its annual Mid-Year Market Review June 19 at the Ontario Convention Center. Chris Thornberg, economist and founding partner with Beacon Economics LLC in Los Angeles, will lead a discussion on the state of the Inland Empire economy and how it’s influencing commercial real estate. Thornberg …
Read More »IE back in a house-flipping mood
The Inland Empire is once again among the national leaders in housing flips. Irvine-based RealtyTrac has listed the two-county region among the top 10 counties in the United States during the past year, according to a report in The Press-Enterprise. All of the counties had at least 1,000 flips during …
Read More »Major logistics facility breaks ground in Rancho Cucamonga
A groundbreaking ceremony was held yesterday on a 1.5-million-square-foot logistics facility in Rancho Cucamonga. Goodman Birtcher, the North American subsidiary of Goodman Group, the largest industrial property development company in Australia, is developing the two-building project. The first structure, which will cover 555,000 square feet, is expected to be finished …
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