By Jack Katzanek, The Press-Enterprise December 3, 2019 As Inland Empire shoppers dig into their holiday shopping, they won’t find a significant number of new store closures, a recent report found. The retail vacancy rate in Riverside and San Bernardino counties remained at 8% in the third quarter, according to a report by the Ontario … Continued
By Jack Katzanek, The Press-Enterprise July 15, 2019 Blank storefronts, faded signage and row after row of empty parking spaces greet shoppers at The Crossings in Corona. The vestiges of Cost Plus World Market, Bed Bath & Beyond, Toys ‘R Us and Babies ‘R Us stare back vacantly, shuttered months ago. In San Bernardino, the … Continued
By Jim Steinberg, The Sun There’s an economic tsunami washing over the Inland Empire and it shows no signs of slowing down, experts say. The gray slabs known as tilt-up buildings turn into warehouses when complete and are popping up across the region. “This is the third great wave of warehouse development,” said Rick John, … Continued
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By Neil Nisperos, Inland Valley Daily Bulletin ONTARIO >> With the Inland Empire real estate market heating up, a group of nearly 200 regional retail real estate brokers and developers with the Association of Corporate Real Estate Executives of Southern California, met for the first time in the Inland Empire, as part of an effort … Continued
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By Randy Drummer, CoStar News Attendance is strong and attendee confidence is even stronger at this week’s International Council of Shopping Centers (ICSC) RECon conference in Las Vegas, mirroring a retail real estate industry that’s finally entering full expansion mode after years of store closures and retail consolidation during the economic downturn and recovery. “The … Continued
By Dees Stribling, Bisnow The retail sector has finally made its recovery, and now it’s looking for room to grow. Space is a little tight in LA and OC counties, but IE has the right ingredients for quick expansion, Progressive Real Estate Partners president Brad Umansky tells us. For one thing, the population’s in growth … Continued
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By Staff Reports, Victorville Daily Press Economist Dr. John Husing kicked off the 17th annual High Desert Economic Summit on Tuesday morning by showing a slide with an arrow pointing between the words “optimism” and “excitement.” Noting that some of his previous appearances at the Hilton Garden Inn Conference Center in Victorville were long on … Continued
By David Allen, Inland Valley Bulletin Montclair Plaza’s new owners could be breaking ground within weeks on an ambitious makeover of the 1960s mall that by the end of 2016 will bring new stores, outdoor plazas, parking garages and a movie theater. Conceptual plans for the mall were shown Monday night to the Planning Commission, … Continued
By Joe Nelson, The Sun ONTARIO >> The job and real estate markets are growing in the Inland Empire. Credit is expanding, banks are lending more with the economy rebounding, and there is plenty of vacant land available for residential, commercial and industrial development. And in California, the Inland Empire ranks No. 3 as having … Continued
The chain is downsizing, having undergone a bankruptcy filing and an ownership, change, but it’s not giving up on the western U.S. market. Despite its mistakes, Fresh & Easy could still become a player in the hyper-competitive California grocery store industry, according to several analysts. Yes, Fresh & Easy is closing 50 stores in California, … Continued
MONTCLAIR >> A major overhaul of the Montclair Plaza may begin as early as May, according to city officials. City Manager Ed Starr said details were still being finalized, though he did share a general outline of plans that include high-end retail and outdoor shopping at the western side of the mall and the demolition … Continued
ONTARIO >> Development plans for 3 million square feet of industrial space on one of the last big swaths of vacant land in the city — north of the 10 Freeway, near Vineyard Avenue — could bring thousands of jobs and millions of dollars in potential revenue to the city. Irvine-based development group Sares-Regis is … Continued