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April 15, 2025
California proposal to tax landlords for vacant storefronts draws criticism
A California proposal to tax properties that are vacant for more than six months is rattling some commercial real estate professionals, with critics warning it could deepen vacancies and deter investment in struggling retail and office corridors.
April 14, 2025
Why new warehouses include pickleball courts and food halls
Warehouse workers at the Goodman Commerce Center in California's Inland Empire don’t have to settle for vending machine snacks or reheated meals in a break room microwave. Instead, they can step to the adjacent Cravings at Eastvale food hall, where the menu includes freshly shucked oysters and hand-rolled sushi.
April 14, 2025
Brookfield Properties breaks ground on Fontana, California, distribution center
Brookfield Properties has started construction on the Almond & Valley Distribution Center, a 275,560-square-foot distribution center south of California Speedway near interstates 10 and 15 in Fontana.
April 8, 2025
Newmark hires leasing expert to lead business in California's industrial hotbed
A Southern California brokerage has hired an industrial leasing professional to manage its business in Los Angeles and the Inland Empire as tariff uncertainty is upending the market.
April 8, 2025
Owner-user buys Riverside offices for $6.7 million
The Western Riverside Council of Governments purchased the office building at 1955 Chicago Ave., Riverside, California, from ALTO Real Estate Funds for $6,734,545, or about $195 per square foot.
April 8, 2025
Tariffs put industrial development strategies at risk as construction costs climb
New tariffs on materials are raising building costs and threatening some development for an industrial sector already facing record-low levels of construction.
April 7, 2025
Lee & Associates Riverside adds vice president and shareholder
Lee & Associates' Riverside office has just added its newest shareholder and vice president in Joseph Pierik, who specializes in office tenant representation across the Inland Empire. As a member of one of the top office leasing teams in the region, Joe’s focus is finding workspace solutions for his clients in the Corona, Riverside, San Bernardino and Ontario markets; he also has experience in the Desert market.
April 3, 2025
Burlington makes priciest deal yet in nationwide push to take control of its real estate
Fast-growing discount apparel chain Burlington shelled out $257 million for its distribution hub in California's Inland Empire, the priciest deal for the retailer as it takes control of its leased real estate across the country.
April 3, 2025
Logistics building vacancy in Southern California drops
Following a three-year increase, vacancy in Southern California logistics buildings over 100,000 square feet declined in the first quarter of 2025. Vacancy fell 20 basis points to 7.1%, as imports to the nearby Los Angeles and Long Beach ports were stronger ahead of new tariff announcements.
March 26, 2025
Energy-efficient business park draws tenants, boosting industrial demand in Inland Empire
A newly constructed six-building industrial park in the Inland Empire is drawing demand from tenants seeking flexible space options in the wake of the pandemic.
March 26, 2025
Palm Desert apartments ease housing strain for Coachella Valley workers
A new apartment complex gives low-income workers driving the Coachella Valley's tourism economy somewhere stylish to live that's also affordable.
March 26, 2025
Massive Amazon lease contributes to Inland Empire's industrial rebound
North America’s largest warehouse tenant leased a sprawling logistics property to strengthen its Southern California distribution network, a deal accounting for 10% of the Inland Empire's total net absorption in 2024.
March 26, 2025
Acquisition sets new benchmark in prime California logistics hub
The sale of a 540,478-square-foot industrial portfolio in Ontario, California, represented a significant transaction in the Inland Empire West area, one that underscores key themes of impact, growth and diversification, innovation and challenges overcome.
March 19, 2025
Roughly 100 Forever 21 store leases are up for sale in bankruptcy
Leases for nearly 100 Forever 21 stores, the chain's Los Angeles headquarters, and a distribution center have gone on the block in the wake of the retailer's bankruptcy filing.
March 19, 2025
Yellow may fetch $55 million for one of its largest US truck terminals
Defunct trucking company Yellow agreed to terminate the lease for one of its largest U.S. terminals, located near Los Angeles, in exchange for $55 million from the landlord.
March 18, 2025
Industrial leasing in Los Angeles finally picks up
Green shoots are emerging in Los Angeles’ beleaguered industrial market. Vacancies spiked from 2023-24 as L.A. suffered occupancy losses exceeding those of any other U.S. market. But tenant demand for space appears on the rebound heading into 2025.
March 18, 2025
Progressive Real Estate Partners facilitates $6.8 million sale in Commerce Plaza
Progressive Real Estate Partners has announced the $6,789,000 all-cash sale of a 44,290-square-foot multi-tenant commercial flex center at Commerce Plaza in San Bernardino. The complex at 165 W. Hospitality Lane is part of the Tri City Commercial Hub/Hospitality Lane District, at the crossroads of the bustling I-10 and I-215 freeways. It is one of the Inland Empire's most prominent commercial hubs, with over 4.4 million square feet of office, industrial, retail and hospitality space.
March 17, 2025
Where multifamily construction activity has decreased the most
In a telling measure of how much developers have pulled back from building new apartments, annual construction starts, the measure of how many units begin construction in a given year, have edged lower across the United States in response to over-supplied conditions in certain markets.
March 11, 2025
Hotel performance outlook for the Western US: trends and projections
The hotel industry in the Western U.S. is facing a mix of recovery and growth trends across major markets, with some destinations rebounding from setbacks while others continue to struggle. Markets such as Maui, Los Angeles, San Francisco, Portland and San Jose/Santa Cruz each present unique challenges and opportunities over the next two years.
March 10, 2025
Eight closed Joann stores to go up for auction in Orange County
Retail leases signed by the bankrupt fabrics and crafts store Joann are being auctioned as part of its Chapter 11 proceeding. Nearly 800 locations are up for grabs nationally, including eight in Orange County.