Three retail pads at a new shopping center in Palm Desert have been sold. Chick-fil-A Drive Thru, Quick Quack Car Wash and AT&T/Spectrum bought one property each at the recently developed Monterey Crossing, according to Hanley Investment Group Real Estate Advisors. Hanley Investment arranged all three transactions, which combined totaled …
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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 …
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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 …
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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 …
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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 …
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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 …
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IE Business Daily Business news for the Inland Empire.
