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San Dimas retail center sold for $4.8 million
Progressive Real Estate Partners on Monday announced today the sale of a 21,016-square-foot multi-tenant retail center in San Dimas. The property, at 702 W. Arrow Highway, sold for $4.8 million. That equates to $226 per square feet.
Experts cite several factors for proliferation of discount stores in HD
Boasting at least 30 major chain discount stores - including Wal-Mart, 99 Cents Only Stores, Dollar Tree, Dollar General, Big Lots and Family Dollar - the Victor Valley and Barstow fit the mold for value-oriented retailers, which remain the most active.
Inland Valley Poised for growth
The report, the Los Angeles County Economic Development Corp's 2014-2015 Economic Forecast & Industry Outlook, notes that California's unemployment rate is falling, more people are finding jobs, the housing market is improving.
Inland Empire retail leasing sector improving, changin
The vacancy rate of retail shopping space in San Bernardino County in 2013 was about a half percentage point lower than it was in 2012, experts said.
Montclair Plaza acquired by Hollywood-based CIM Group
Montclair Plaza has been acquired by CIM Group, which manages several high-profile properties in the area, officials announced Wednesday
Jobless rate dips to a six-year low
The Inland Empire's unemployment rate dropped to its lowest in more than five years in December to 8.9 percent, reflecting gains in retail and warehousing and raising hopes that the region's economy is revving up again after years of bad..
New Model Colony is moving forward
One of the largest master planned communities in Southern California history, developers say, is beginning to take shape in what was once former pasture and farmland in Ontario.
Inland Empire is back in business, says major area developer
Unlike the dark days of the economic downturn, early years of the new decade are filled with optimism about increasing housing demand and job growth that will fuel home and apartment sales, said Lewis, the principal of the Lewis Group of Cos...
REAL ESTATE: Retail vacancies still declining
Retailers looking for properties in Inland Southern California are noticing that homeowners have rediscovered some of their equity and that the region's job market has improved, a report released last week showed.
RETAIL: Yucaipa uncorks its first winery
That's right. Yucaipa has uncorked its first winery. Anointed Suveg Cellars and Vineyards after its owner, Craig Suveg, this micro boutique produced 466 cases last year of hand-crafted, mostly Rhone Valley varietals of Southeastern France.
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Inland Empire Retail Snapshot
2013 was a year of mixed messages. Net retail absorption was 1.1M SF which was up 22% compared to 2012. This was on a base of 21.6M SF of available retail space throughout the Inland Empire. This was the best year since 2008 and the first time since 2008 that there was positive absorption in each quarter of the year. That being said, gross absorption (does not reflect space that was vacated) decreased to 6.9M SF in 2013 from 8.6M SF in 2012. Effectively, this means that despite 20% less leasing activity, net absorption went up. This is a reflection of fewer tenants closing their doors. It also reflects the decrease in the highest quality of space which is desired by many of the corporate tenants that snapped up a lot of space in 2011 & 2012.
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