The Inland Empire is among the top U.S, regions in which to invest in commercial real estate, according to a real estate investment firm. The two-county region ranked 18th out of 20 markets, one of only three California markets listed by Portland, Ore.-base CrowdStreet. San Diego (11) and San Francisco-Oakland …
Read More »IE ranks in top three for mega-warehouse deals in U.S.
A record number of mega-warehouse deals happened in the United States last year, according to data released this week. Companies signed on to 57 warehouse leases one million square feet or larger, a 19 percent increase compared with 2020, CBRE reported. Ten of the top 100 industrial and logistics leases …
Read More »Report: “Insatiable” demand for Inland industrial space
The Inland Empire’s industrial market closed out 2021 on a high note, as total inventory rose to 615 million square feet as the year ended. Vacancy in Riverside and San Bernardino counties dropped to 0.87 percent during the fourth quarter, the third straight quarter in which vacancy was under one …
Read More »Smart & Final property sells for $8.5 million
A retail property in Murrieta occupied by Smart & Final has been sold. The 2.1 acre parcel at Madison Avenue and Los Alamos Road changed hands for $8.5 million, which was 99 percent of the original asking price, according to Hanley Investment Group Real Estate Advisor. Hanley investment represented the …
Read More »State housing market position well for 2022
Sales of existing single-family homes totaled 429,860 in December, down 5.4 percent from November and down 15.7 percent from December 2020 the California Association of Realtors reported today. Statewide, median home price, was $796,570, up 1.8 percent from November and up 11 percent from December 2020, according to the the …
Read More »Hemet parcel sells for $1.7 million
A 3.3-acre commercial parcel in Hemet has been sold for $1.7 million. The buyer, Sater Hemer LLC, plans to build a gas station, car wash and drive-thru restaurant on the vacant property at the northeast corner of Florida and Soboba avenues, according to Progressive Real Estate Partners in Rancho Cucamonga. …
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