January 14, 2016
Demand Drives Inland Empire-East Industrial Deal
REDLANDS, CA—Annual industrial rent growth topping 10% and continued tenant demand have spurred the $33.3-million sale of Redlands Business Center in Southern California’s Inland Empire-East submarket. That is according to JLL, which represented seller, Bixby Land Co.
September 9, 2015
The Secret Behind the Tri-City Deal
SAN BERNARDINO, CA—In mid-2015, a joint venture of Oaktree Capital Management and Hines acquired the 17-building Tri-City Corporate Centre in San Bernardino, in one of the largest office property deals in the Inland Empire. The master-planned complex located near the intersection of Interstate 10 and Interstate 215 contains more than one m...
July 27, 2015
Liberty Properties Takes Big Box Off Market
Big Purchase and Leasing News for the Inland Empire
July 14, 2015
Ontario: QVC to build distribution center
The television retailer’s facility will be about 1 million square feet; up to 1,000 workers are forecast.
June 19, 2015
Bridge Development Buys 40 Acres
Bridge Development Partners LLC has acquired a 40-acre site in San Bernardino County. The firm plans for nearly 1 million square feet of state-of-the-art industrial facilities.
May 5, 2015
"Tremendous" Momentum, Potential in San Bernardino County Retail
RANCHO CUCAMONGA, CA—As GlobeSt.com recently reported, it's no secret that San Bernardino County is firing on all cylinders economically, creating an environment ripe for more retail development. One firm capitalizing on that strength has been locally based Progressive Real Estate Partners. GlobeSt.com met up with Brad Umansky, preside...
April 30, 2015
Vaupel: Job Growth Creates Retail Growth
SAN BERNARDINO COUNTY, CA—With a busy port leading widespread job creation at one of the highest rates in the country, it’s not surprising that retail developers are seeing opportunities here. GlobeSt.com met EXCLUSIVELY with Larry Vaupel, economic development administrator of San Bernardino County Economic Development Agency, to get...
April 20, 2015
Pacific Industrial Doubles Sierra Pacific Center
FONTANA, CA—Pacific Industrial has broken ground on a 751,024-square-foot industrial building at its Sierra Pacific Center in Fontana, GlobeSt.com reports exclusively. The new building will double the size of the center, creating a 1.5-million-square-foot industrial campus. Phase II of the development, this second building, will be complet...
April 15, 2015
Region Has Regained Pre-Recession Lost Jobs
SAN BERNARDINO, CA—Healthcare-related jobs creating a ripple effect in the San Bernardino economy are partially credited for the area’s strong employment comeback in the last two years, economic development agency administrator for San Bernardino County Larry Vaupel tells GlobeSt.com exclusively. US general-aviation aircraft manufact...
April 7, 2015
JV Buys 43-Acre Industrial Site
REDLANDS, CA—Crow Holdings Capital Real Estate and Seefried Properties have formed a partnership to purchase a 43-acre industrial development site in Redlands, CA. The development is fully entitled for a two-building, 1-million-square-foot industrial complex, which will be known as the Redlands Logistics Center. Construction is scheduled t...
April 2, 2015
Hillwood Plans 1M-SF Industrial Build
SAN BERNARDINO, CA—Hillwood Investment Properties has broken ground on the Gateway South Building 3, a 1.1-million-square-foot industrial building in San Bernardino. The property is an extension of the 14-million-square-foot AllianceCalifornia industrial park. The development is scheduled for delivery by the end of the year.
March 31, 2015
JOBS: New mobile app from California helps applicants
The free app helps job-seekers look for work with filters on job description and location
March 27, 2015
Hillwood Breaks Ground on 1.1 Million SF Industrial Building in California
AllianceCalifornia Gateway South Building Three is the largest speculative industrial building under construction in San Bernardino County.
SAN BERNARDINO, Calif. — Hillwood Investment Properties has broken ground on Alliance Gateway South Building Three, a 1.1 million-square-foot addition to its AllianceCalifornia developme...
March 9, 2015
Kendall: National Interest Rising in County Office Market
ONTARIO, CA—Optimism is high in San Bernardino County—and investors are playing a role. The region is beating its neighbors in job creation over the past year (2.2% growth, vs. 2.0% for Orange County and 1.3% L.A.). And statewide it saw the highest levels of new business creation (two-thirds of all businesses in 2012 and 2013) and is...
March 1, 2015
People of Precision
Advanced manufacturers in San Bernardino County rely on continuously improving educational and training systems to deliver globally competitive workers.
February 4, 2015
Land Values Will Continue to Rise
ONTARIO, CA—As the drive for development in the Inland Empire ramps up, land prices are heading north and developers are becoming more sophisticated with the capital stack, said speakers at RealShare Inland Empire last week. What’s more, there’s so much capital looking for deals that developers can afford to re-jigger the capit...
February 3, 2015
Lenders are Heading to Inland Empire East
ONTARIO, CA—With competition among lenders in full swing in L.A. and Orange County, many are eyeing this submarket as an area of growth and opportunity for deals, said speakers at RealShare Inland Empire’s “Inland Empire Deals & Opportunities” panel here last week. The spillover has already hit Inland Empire West, lea...
February 2, 2015
Ports and IE: Food Chain to Consumers
ONTARIO, CA—The path from Asian exporting companies to the L.A./Long Beach ports and their proximity to the Inland Empire create the ideal environment for industrial to thrive here, said speakers at RealShare Inland Empire here last week. In many ways, this route is the most expedient way to transport goods from Asia to the US for distribu...
January 30, 2015
Will Living-Wage Jobs Come Back?
ONTARIO, CA—Minimum-wage job growth is undeniable, but you can’t send your kids to college if you’re working at Chili’s, said speakers at RealShare Inland Empire here yesterday. The “Local Leaders Roundtable” panel noted growth in low-paying jobs at quick-serve restaurants and in the service industry, but muse...
January 28, 2015
Rents Surpassing Peak in Inland Empire
ONTARIO, CA—Some size ranges of industrial space in this market are under such great demand that rents continue to climb, CBRE’s vice chairman Darla Longo tells GlobeSt.com exclusively. We spoke with Longo in advance her deal-making panel at RealShare Inland Empire this week to get her take on this thriving market and where she sees ...
January 27, 2015
Inland Empire’s Biggest Industrial Dilemma
ONTARIO, CA—Finding product to buy and getting a high yield from it is the biggest problem investors have in this market, Steve Batcheller, partner with Panattoni Development Co. Inc., tells GlobeSt.com. In this preview to RealShare Inland Empire this Thursday here, we spoke exclusively with Batcheller about what factors support the curren...
January 23, 2015
Go East, Young Workers by Joel Kotkin
Do the middle class and working class have a future in the Southland? If they do, that future will be largely determined in the Inland Empire, the one corner of Southern California that seems able to accommodate large-scale growth in population and jobs. If Southern California’s economy is going to grow, it will need a strong Inland Empire...
January 5, 2015
Building the Small Path to Big Growth
SAN BERNARDINO, CA—Already a logistics hub, San Bernardino County is growing in an often overlooked segment: small business. And the opportunity is ripe, says Mike Stull, director for the Inland Empire Center for Entrepreneurship (IECE).
December 22, 2014
California Wins in Business Survival Rate
SAN BERNARDINO, CA—Its proximity to the ports, international airports and major interstates helps businesses in San Bernardino County keep operational costs in check, Larry Vaupel tells GlobeSt.com exclusively. Vaupel, a 20-year economic and land-development professional, was recently named San Bernardino County’s Economic Developmen...
December 15, 2014
Inland Empire Renewals Back in Vogue for 2015
Franc Geraci, an EVP in Voit Real Estate Services’ Inland Empire office, reviews the future for the Inland Empire’s industrial market, noting that things are “simply booming.”
December 3, 2014
Will a Regional iHub Create Future Success for San Bernardino County?
Improvement is expected to come from the export sector. Last year revenue for the area’s exports hit $9.6 billion. The top products are transportation equipment, computer and electronic products and chemicals and machinery. Top export markets are Canada, Mexico, Japan and China.
The strategy to increase exports s...
November 21, 2014
Finding Opportunity in the High Desert
VICTORVILLE, CA—Eldon Heaston is executive director for the Mojave Desert Air Quality Management District. As part of his work, he sees the High Desert, comprised of Adelanto, Apple Valley, Barstow, Hesperia and Victorville, as a strategic opportunity for businesses seeking to remain in the golden state based on his agency’s pro-busi...
September 24, 2014
BIG BEAR: Mammoth Mountain buys pair of resorts for $38 million
A merger inked Wednesday could breathe new life into one of Southern California’s most popular ski towns, bridging two destinations for skiers and snowboarders and coming at the most unlikely of times: in the middle of a drought when snowfall is a scarcity.
September 23, 2014
County Food Tenants Ask for Outdoor Component
SAN BERNARDINO COUNTY, CA—In preparation for the upcoming ICSC Western States conference, we caught up with Randall Lewis, EVP of Lewis Retail Centers, to discuss that his company has in the works here in the County and about his observations on the state of economy in the County of San Bernardino.
September 19, 2014
A Bushel of New Retailers in Apple Valley
SAN BERNARDINO, CA—In preparation for ICSC Western States, we chatted with GlobeSt.com thought leader, the County of San Bernardino about the Town of Apple Valley, located in the High Desert region of the Inland Empire in Southern California, which has experienced a number of new retailer expansions and development, further adding to this ...
August 22, 2014
CapRock Secures Parcels for Industrial Build
RIALTO, CA—CapRock Partners, a private commercial real estate investment firm based in Orange County, CA, has acquired the second of two premium land parcels in Rialto, CA. Only one mile apart, the projects boast ideal freeway access to the 210, 15 and 10 Freeways.
July 30, 2014
Pacific Industrial Moves on 744,032-SF Facility
FONTANA, CA—GlobeSt.com has exclusively learned that Long Beach, CA-based Pacific Industrial has broken ground on the Sierra Pacific Center. The 744,032-square-foot class A logistics and distribution facility will be located in the Inland Empire West.
July 25, 2014
Demand for space forecast to continue
The demand for industrial space in Inland Southern California – and construction for all types of commercial properties statewide – is expected to continue to grow in the next three years, a study released this week said.
July 23, 2014
Tire Maker Expands Distribution Facility
CHINO, CA—Yokohama Tire Corporation has chosen the County of San Bernardino for expansion into a larger Western Region Distribution Center. The company has leased a newly-constructed, 658,000-square-foot facility located at 16388 Fern Ave., Building 2 in the city of Chino, which it plans to occupy late this year.
July 17, 2014
Redlands, A Driving Force of Activity
REDLANDS, CA—As GlobeSt.com reported this morning, the industrial development alliance between Chicago-based Conor Commercial Real Estate, a member of the McShane Cos., and MetLife Real Estate Investors, revealed the development and groundbreaking of Redlands Logistics Center. The 1.01-million-square-foot speculative industrial facility is...
July 14, 2014
Larger Lease Inked After $32M Sale
ONTARIO, CA—3M Co. has sold a 270,890-square-footindustrial building and 42 acres of land here to an unnamed buyer for $31.9 million. As part of the transaction, the firm signed a 10-year lease on a 454,877-square-footdistribution facility soon to be constructed on a nearby vacant parcel.
June 19, 2014
Overcoming Hurdles, Not Creating Them
SAN BERNARDINO COUNTY—“Most tenants are looking for flexibility and the ability to expand quickly if need be.”
February 11, 2014
Intsel Steel West, LLC Chooses County of San Bernardino as Strategic Location for its First California Distribution Facility
COUNTY OF SAN BERNARDINO, CALIF. February 11, 2014 – Intsel Steel West, LLC, a growing supplier of steel to the construction industry, has selected the County of San Bernardino to locate its first California distribution facility. The company purchased a five-acre, 50,000-square-foot distribution facility located at 13338 ...