A senior community in San Bernardino has been sold for $7.2 million. The Mogharebi Group, a brokerage firm that specializes in multifamily properties in California, negotiated the sale of the Bernardine Senior Independent Living, a four-story, 71-unit complex, according to a statement. The buyer was an investment group in the …
Read More »Major industrial project gets started in Calimesa
An Orange County developer has broken ground on a 125-acre industrial project in Calimesa. Birtcher Oak Valley Commerce Center will consist of four industrial buildings that collectively will cover 2.2 million square feet, according to Birtcher Development in Newport Beach. The project, at Singleton and Roberts roads next to Interstate …
Read More »Inland industrial market stays red hot
If you want to know how popular e-commerce has become, look no further than the Inland Empire industrial market. Vacancy fell to 1.4 percent in the second quarter, the result of an increase in lease renewals and more aggressive first-time leasing, according to CBRE. Lease rates in the second quarter …
Read More »Moreno Valley industrial park fetches $20.3 million
A five-building industrial park in Moreno Valley has sold. Vertical Ventures Capital LLC in Walnut Creek bought Moreno Corporate Center for $20.3 million, according to a statement released Monday. The seller, a private investor in Southern California whose name was not released, was represented by CBRE. Vertical Ventures, which buys …
Read More »Logistics company finds bigger site in Chino
A logistics company has signed a pre-lease agreement at an industrial park in Chino. Sunset Pacific Transportation will occupy 136,200 square feet at the Chino Industrial Center, 14522 Yorba Ave, according to a statement released this week. Sunset Pacific is a freight consolidation company that ships goods nationwide. The company …
Read More »San Bernardino retail building sells for $4.6 million
A Starbucks-anchored retail building in San Bernardino has sold for $4.6 million. The 5,000-square-foot structure at 2067 Highland Ave. opened last year and is fully leased, according to Progressive Real Estate Partners in Rancho Cucamonga, which announced the sale today on its website. Progressive marketed the property and represented the …
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