The Inland Empire office market during the last three months of 2022, held steady with few move-outs and much leasing. The two-county region recorded 77,041 square feet of positive net absorption and a vacancy rate of 8.6 percent, a quarter-over-quarter gain and decline, respectively, according to CBRE. While those two …
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A 1.8-million-square-foot warehouse-distribution center in an unincorporated community in Riverside County has been sold for a reported $329 million. Shopoff Realty Investments in Irvine and Artemis Real Estate Partners in Washington, D.C., sold Cherry Valley Logistics Center, to Toronto-based Brookfield Asset Management, according to a statement posted on Feb. 6 …
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A Chevron service station, convenience store, and car wash in Norco have been sold for $11.9 million. The 2.8-acre development at 996 Mountain Ave. sold for its full asking price in a transaction that included all three structures as well as the property, according to Progressive Real Estate Partners in …
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NFI Industries, a third-party logistics company, has renewed its lease at the Perris Distribution Center. Newmark Ontario represented the landlord in the negotiations, Los Angeles-based Ares Management, according to a statement. Terms of the agreement were not disclosed. NFI occupies an 864,000-square-foot building at Perris Distribution Center, a two-story building …
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Construction has begun on Arrow Business Center, a 49,291-square-foot industrial building in Rancho Cucamonga. The Class-A warehouse distribution facility, which is being developed at 11770 Arrow Route, is expected to be ready for occupancy in September, according to a statement. The project is less than a mile and a half from …
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Barstow International Gateway, a planned $1.5 billion rail yard, and warehouse-distribution facility, could double that city’s population and over time transform not just Barstow but the High Desert, according to its proponents. Barstow’s days as a High Desert city best known for being a stopping point between Southern …
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IE Business Daily Business news for the Inland Empire.
