Inland Empire
Inland Empire Industrial: Where Tenants Hold the Cards (and Where They Don’t)
Vacancy is 12.3% in Moreno Valley/Perris and about 0% in Mira Loma. Same region, opposite realities. Here is where a 100K+ SF tenant...
Highland Fairview Maps 293 Condos on 40 Acres in Moreno Valley’s 15,000-Unit Aquabella Plan
A 293-unit condominium subdivision on 40 acres in the first planning area of Moreno Valley's Aquabella Specific Plan went before the city's Planning...
California Gold Development Buys Sprouts-Anchored 44,000 SQFT Victorville Retail Building for $9.3MM
Five bidders competed for a Sprouts-anchored building in Village Center next to Interstate 15, and the Sonora-based buyer won at $9.3 million, about...
Sorenson Engineering Pushes New Building, Setback Variance at Yucaipa Micro-Machining Campus
The precision-parts maker, a Yucaipa fixture since the 1950s, wants the city to amend the long-running permit governing its industrial campus and grant...
Los Angeles Leads Southern California Construction Pay, Trailing the Bay Area in Real Wages
A Construction Coverage analysis of federal wage and cost data put Los Angeles atop Southern California for cost-adjusted construction pay at $61,295, with...
Costco Pays Brookfield $260MM for 114-Acre Menifee Site to Build 1.26MM SQFT Dry and Cold Depot
Costco Wholesale paid Brookfield Properties $260 million for about 114 acres of entitled land in the Menifee Valley Business Park, where the retailer...
Lincoln Property Sells Studio in Chatsworth for $22MM
Lincoln Property Company and Gem Realty Capital sell a Chatsworth studio for $22 million, below their 2021 purchase price.
Northgate Market Clinches Approval for 40,000 SQFT Grocery Store on Vacant Moreno Valley Corner
The Moreno Valley Planning Commission unanimously cleared Northgate Gonzalez Markets to build a roughly 40,000-square-foot grocery store on a long-vacant 4.31-acre corner at...
Lincoln Property Company Acquires 327,000 SQFT Bellegrave Business Park in Jurupa Valley for $74.7MM
Lincoln Property Company has taken control of Bellegrave Business Park, a fully leased, six-building industrial campus in Jurupa Valley, betting on the Inland...
113-Unit Workforce Housing Portfolio in Riverside Trades for $21.8MM
University Gardens, Normandy Apartments Trade Together for $192,920 Per Unit Amid Tightening Inland Empire Vacancy Two adjacent Riverside apartment properties under common ownership...
Victorville Advances 55,000 SQFT Police Station and 3.3-Acre Civic Park on Former Roy Rogers Museum Site
The City of Victorville is asking its own Planning Commission to clear the way for a 54,892-square-foot police headquarters and an adjoining 3.3-acre...
AI’s Machine-First World Targets Southern California’s Parking Lots and Warehouses
A Goldman Sachs Global Institute essay argues that the physical world is being rebuilt for machines, and Southern California — with the nation's...
