Market Trend: Inland Empire's Retail Vacancy Decreases to 8.7%

The Inland Empire retail market experienced a slight improvement in market conditions in the third quarter 2013. The vacancy rate went from 8.9% in the previous quarter to 8.7% in the current quarter. Net absorption was positive 343,466 square feet, and vacant sublease space decreased by 89,076 square feet. In second quarter 2013, net absorption was positive 149,165 square feet. Tenants moving into large blocks of space in 2013 include:...



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More Store Closings, Asset Sales May Not Be Enough to Save Sears, Analyst Reports

Sears Holdings Corp. announced a number of actions this past week prior to releasing its earnings report for the third quarter. Sears warned that its third-quarter EBITDA loss will widen to $250 million to $300 million, compared with last year’s comparable-period EBITDA loss of $156 million. The beleaguered retail giant said it would continue to evaluate its U.S. stores by reviewing each location, including leased locations that are set to expire...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/More-Store-Closings-Asset-Sales-May-Not-Be-Enough-to-Save-Sears-Analyst-Reports/153939?ref=/News/Article/More-Store-Closings-Asset-Sales-May-Not-Be-Enough-to-Save-Sears-Analyst-Reports/153939&src=rss

Market Trend: Inland Empire's Retail Vacancy Decreases to 8.7%

The Inland Empire retail market experienced a slight improvement in market conditions in the third quarter 2013. The vacancy rate went from 8.9% in the previous quarter to 8.7% in the current quarter. Net absorption was positive 343,466 square feet, and vacant sublease space decreased by 89,076 square feet. In second quarter 2013, net absorption was positive 149,165 square feet. Tenants moving into large blocks of space in 2013 include:...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Market-Trend-Inland-Empires-Retail-Vacancy-Decreases-to-87/154024?ref=/News/Article/Market-Trend-Inland-Empires-Retail-Vacancy-Decreases-to-87/154024&src=rss

Downtown Hotel Market Hot

LOS ANGELES- In preparation for the upcoming Renaissance of Downtown Los Angeles: Opportunity Knocks conference, Carol E. Schatz tells GlobeSt.com about downtown's booming hotel, multifamily and office sectors.

via Los Angeles http://www.globest.com/news/12_727/losangeles/other/Downtown-Hotel-Market-Hot-339360.html

Medical Foundation Offices Get $19M

LOS ANGELES-Pheasant West LLC receives $19 million to refinance a 200,000-square-foot office building currently leased by the University of Wisconsin Medical Foundation.

via Los Angeles http://www.globest.com/news/12_727/losangeles/office/Medical-Foundation-Offices-Get-19M-339322.html

More Store Closings, Asset Sales May Not Be Enough to Save Sears, Analyst Reports

Sears Holdings Corp. announced a number of actions this past week prior to releasing its earnings report for the third quarter. Sears warned that its third-quarter EBITDA loss will widen to $250 million to $300 million, compared with last year’s comparable-period EBITDA loss of $156 million. The beleaguered retail giant said it would continue to evaluate its U.S. stores by reviewing each location, including leased locations that are set to expire...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/More-Store-Closings-Asset-Sales-May-Not-Be-Enough-to-Save-Sears-Analyst-Reports/153939?ref=/News/Article/More-Store-Closings-Asset-Sales-May-Not-Be-Enough-to-Save-Sears-Analyst-Reports/153939&src=rss

Amazon to Open Fourth CA Fulfillment Center in Moreno Valley

Amazon.com, Inc.is finalizing plans to open a new 1.2 million-square-foot fulfillment center in Moreno Valley, CA, the e-tailer's fourth distribution center in California. The giant online retailer will employ 1,000 people full time at the new center. Amazon’s other sites in the Golden State are located in San Bernardino, and the San Joaquin Valley communities of Patterson and Tracy, said Mike Roth, Amazon’s vice president of North America operations...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Amazon-to-Open-Fourth-CA-Fulfillment-Center-in-Moreno-Valley/153893?ref=/News/Article/Amazon-to-Open-Fourth-CA-Fulfillment-Center-in-Moreno-Valley/153893&src=rss