<rss version="2.0" xmlns:ynewsrss="http://news.yahoo.com/rss.html"><channel><title><![CDATA[Inland Empire Commercial Real Estate News From CoStar Group]]></title><link><![CDATA[http://www.costar.com/]]></link><description><![CDATA[CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of commercial real estate information and commercial property listings available in its markets.]]></description><language><![CDATA[en]]></language><category domain="Yahoo"><![CDATA[Business/Real_Estate_and_Housing]]></category><ttl>15</ttl><image><title><![CDATA[CoStar Group, Inc.]]></title><link><![CDATA[http://www.costar.com/]]></link><url><![CDATA[http://www.costar.com/SharedFiles/Common/images/logos/CoStarGroup112.gif]]></url></image><item><title><![CDATA[CoStar's People of Note (May 19 - 25)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-19-25/148836?ref=/News/Article/CoStars-People-of-Note-May-19-25/148836&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: South Florida, Chicago, Tampa, Los Angeles, and Cleveland.
 
SOUTH FLORIDA
Avison Young Hires Carlo in Miami 
By Justin Sumner

Avison Young, Canada's largest independently-owned <a href="http://www.showcase.com/" target="_blank">commercial real estate</a> services company, has hired Daniel Carlo as a principal in the firm, and managing director of the company's Miami office. In his new role, Carlo will oversee the growth and develo]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 24 May 2013 04:01:22 GMT]]></pubDate></item><item><title><![CDATA[Market Trend:  Select Top Three Inland Empire Office Leases Signed in Q1 2013]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-Select-Top-Three-Inland-Empire-Office-Leases-Signed-in-Q1-2013/148810?ref=/News/Article/Market-Trend-Select-Top-Three-Inland-Empire-Office-Leases-Signed-in-Q1-2013/148810&src=rss]]></link><description><![CDATA[The select top office lease signed during the first quarter of 2013 in the Inland Empire market was at 1175 W. Foothill Blvd. in the East San Bernardino submarket.  The County of San Bernardino took 36,179 square feet there.

Westland Group, Inc. leased 9,600 square feet at 11023 Eucalyptus St. in the Airport Area.  Delmar Commercial RE Services represented the landlord, while Lee & Associates represented the tenant.

SoCal Properties represented...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Thu, 23 May 2013 08:39:47 GMT]]></pubDate></item><item><title><![CDATA[Highland Retail Sells for $1.1M]]></title><link><![CDATA[http://www.costar.com/News/Article/Highland-Retail-Sells-for-$11M/148498?ref=/News/Article/Highland-Retail-Sells-for-$11M/148498&src=rss]]></link><description><![CDATA[Infinity Commercial LLC purchased the free-standing retail building at 27889 Baseline St. in Highland, CA for $1.1 million, or about $183 per square foot, from Kimball Enterprises LLC. 

Built in 1996, the retail property totals 6,000 square feet on 0.67 acres at the southwest corner of Boulder Ave. in San Bernardino County.  The property was 100 percent vacant at the time of sale, and is currently being marketed for lease with Nathan Diones with...]]></description><author><![CDATA[Tami Chuong <news@costar.com>]]></author><pubDate><![CDATA[Tue, 21 May 2013 08:18:33 GMT]]></pubDate></item><item><title><![CDATA[San Jacinto Industrial Trades for $1M]]></title><link><![CDATA[http://www.costar.com/News/Article/San-Jacinto-Industrial-Trades-for-$1M/148050?ref=/News/Article/San-Jacinto-Industrial-Trades-for-$1M/148050&src=rss]]></link><description><![CDATA[Lion Eagle Holdings LLC purchased the industrial building at 1280 S. Buena Vista St. in San Jacinto, CA for $1.01 million, or about $56 per square foot, from 1280 Buena Vista Street LLC.  

Built in 2000, the property totals 18,000 square feet on 1.3 acres at the northwest corner of W. Esplanade Ave., east of S. State St., in Riverside County.  The buyer is an owner/user, and will occupy the building doing business at Interstate Carports Corp.

Neither...]]></description><author><![CDATA[Phyllis Judeika <news@costar.com>]]></author><pubDate><![CDATA[Tue, 21 May 2013 05:06:52 GMT]]></pubDate></item><item><title><![CDATA[Three Carnegie Plaza Sells for $8M]]></title><link><![CDATA[http://www.costar.com/News/Article/Three-Carnegie-Plaza-Sells-for-$8M/148620?ref=/News/Article/Three-Carnegie-Plaza-Sells-for-$8M/148620&src=rss]]></link><description><![CDATA[Rancon Realty Fund V sold Three Carnegie Plaza at 735 E. Carnegie Dr. in San Bernardino, CA to M&Y Management for $8 million, or approximately $93 per square foot.  The sale represents the buyer's upleg in a 1031 exchange. 

Built in 2005, the 85,846-square-foot, two-story <a href="http://www.showcase.com/Office-building" target="_blank">office building</a> is located within the Tri-City Corporate Centre, a 153-acre, master-planned, mixed-use development that offers office and retail options totaling more than 1.2...]]></description><author><![CDATA[Brian Cagayat <news@costar.com>]]></author><pubDate><![CDATA[Tue, 21 May 2013 04:08:00 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (May 12 - 18)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-12-18/148651?ref=/News/Article/CoStars-People-of-Note-May-12-18/148651&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Detroit, Charlotte, Phoenix, New York, Charleston, South Florida, and San Diego.
 
DETROIT
Farbman Group Promotes Gutman, Kalil 
By Tim Heise

Farbman Group, a Southfield, MI-based, full-service real estate solutions company, has promoted CFO Andrew Gutman to president of the company. Gutman joined Farbman Group more than 18 years ago. He has worked in several areas of ]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 17 May 2013 09:02:42 GMT]]></pubDate></item><item><title><![CDATA[Market Trend:  Inland Empire's Industrial Deliveries, Construction and Inventory]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-Inland-Empires-Industrial-Deliveries-Construction-and-Inventory/148633?ref=/News/Article/Market-Trend-Inland-Empires-Industrial-Deliveries-Construction-and-Inventory/148633&src=rss]]></link><description><![CDATA[During the first quarter 2013, eight buildings totaling 2,574,183 square feet were completed in the Inland Empire Industrial market area. 

This compares to five buildings totaling 2,182,666 square feet that were completed in the fourth quarter 2012, 10 buildings totaling 3,091,179 square feet completed in the third quarter 2012, and 819,590 square feet in three buildings completed in the second quarter 2012.

There was 5,594,774 square feet of...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Thu, 16 May 2013 07:26:34 GMT]]></pubDate></item><item><title><![CDATA[Grand Terrace Office Trades for $3.7M]]></title><link><![CDATA[http://www.costar.com/News/Article/Grand-Terrace-Office-Trades-for-$37M/148070?ref=/News/Article/Grand-Terrace-Office-Trades-for-$37M/148070&src=rss]]></link><description><![CDATA[Riverside-San Bernardino County Indian Health, Inc. purchased the <a href="http://www.showcase.com/Office-building" target="_blank">office building</a> at 11980 Mount Vernon Ave. in Grand Terrace, CA for $3.69 million, or about $96 per square foot, from Universal Health Services, Inc.  The non-profit organization will occupy the entire building.

Built in 1992, the office building totals 38,316 square feet on four acres located at the northwest corner of Mt. Vernon Ave. and Barton Rd. in the East San Bernardino County...]]></description><author><![CDATA[Tami Chuong <news@costar.com>]]></author><pubDate><![CDATA[Tue, 14 May 2013 08:23:55 GMT]]></pubDate></item><item><title><![CDATA[Delta Exhitbitions Buys Fontana Industrial for $1.3M]]></title><link><![CDATA[http://www.costar.com/News/Article/Delta-Exhitbitions-Buys-Fontana-Industrial-for-$13M/148067?ref=/News/Article/Delta-Exhitbitions-Buys-Fontana-Industrial-for-$13M/148067&src=rss]]></link><description><![CDATA[A private individual sold the industrial building at 10820 Mulberry Ave. in Fontana, CA to Delta Exhibitions, Inc. for approximately $1.27 million, or $71 per square foot.  The buyer will be using the property for their exhibit services business. 

Built in 1989, the property totals 17,933 square feet on 0.95 acres, part of the Mulberry Business Park located at the northwest of Mulberry and Santa Ana Ave. in the Airport Area submarket.

Armen...]]></description><author><![CDATA[Rory Hillenga <news@costar.com>]]></author><pubDate><![CDATA[Mon, 13 May 2013 08:02:01 GMT]]></pubDate></item><item><title><![CDATA[Ramona Oaks Apts Sold for $3.9M]]></title><link><![CDATA[http://www.costar.com/News/Article/Ramona-Oaks-Apts-Sold-for-$39M/148235?ref=/News/Article/Ramona-Oaks-Apts-Sold-for-$39M/148235&src=rss]]></link><description><![CDATA[Doug Wetton Investments sold the 44-unit apartment complex at 3401 Ramona Dr. in Riverside, CA to Preston Capital, Inc. for $3.85 million, or $87,500 per unit.  This sale was the seller's downleg in a 1031 exchange.

Built in 1964, the property totals 33,922 square feet on 1.8 acres at the northwest corner of Olivewood Ave. and Ramona Dr. The multifamily community consists of 20 one-bedroom and 24 two-bedroom units in five buildings.

Cray Carlson...]]></description><author><![CDATA[Brian Cagayat <news@costar.com>]]></author><pubDate><![CDATA[Mon, 13 May 2013 05:32:17 GMT]]></pubDate></item><item><title><![CDATA[Fontana Industrial Sells for $3.2M]]></title><link><![CDATA[http://www.costar.com/News/Article/Fontana-Industrial-Sells-for-$32M/144752?ref=/News/Article/Fontana-Industrial-Sells-for-$32M/144752&src=rss]]></link><description><![CDATA[Mendocino Forest Products Company LLC purchased the industrial building at 13041 Union Ave. in Fontana, CA for $3.2 million, or about $59 per square foot, from a private trust.  The buyer, a manufacturer and distributor of environmentally-certified lumber products, had been leasing the premises for about two years at the time of sale.

Built in 1979, the rail-served warehouse property totals 53,825 square feet on 5.6 acres located at the southeast...]]></description><author><![CDATA[Brian Barga <news@costar.com>]]></author><pubDate><![CDATA[Wed, 23 Jan 2013 03:46:20 GMT]]></pubDate></item></channel></rss>