E-commerce returns are expected to put extreme pressure on the nation’s supply chains this holiday season and increase demand for industrial space, according to CBRE. Returns of goods purchased during Christmas could reach $70.5 billion, a 73 percent increase above the previous five-year average, CBRE reported in a study. E-commerce, …
Read More »Serious delinquencies level off
Six-point three percent of all U.S. mortgages were in some state of delinquency in September, a 2.5 percent increase from exactly one year earlier, according to a report. Early-stage delinquencies – 30 to 59 days past due – were down slightly year-over-year, while adverse delinquencies – 60 to 89 days …
Read More »Riverside food maker buys larger facility
A food manufacturer has bought a high-tech food production facility in Perris. RM5 Holdings, LLC, an entity of Jimenez Foods Inc., paid $8.09 million for the building at 20343 Harvill Ave., according to Avison Young. The seller, represented by Avison Young, was a pet food manufacturer whose name was not …
Read More »Maker of auto suspension products expands to Perris
A Lake Elsinore company that makes automotive suspension products has purchased an industrial building in Perris. Carli Suspension plans to use the building at 3468 Webster Ave. for manufacturing, according to Avison Young Ontario, which represented the company in the sale negotiation. The seller, KSN Holdings, Inc., was represented by …
Read More »Riverside food processing company changes hands
Westcore, a San Diego company that buys and manages industrial and office real estate, has purchased a manufacturing facility in Riverside. The building, which covers 133,825 square feet, sold for $15.4 million, according to a statement released by Westcore. Triple H Properties sold the building for $15.4 million. Triple H …
Read More »Inland industrial market well positioned for 2021
The worst health crisis in anyone’s memory couldn’t slow things down, so there’s no reason to think the market won’t hold its own this year, and probably beyond that. It seems like nothing is able to slow the Inland Empire’s industrial market, not even the worst public health crisis in …
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