CITY NEWS AND NOTES
Dupont Business Center Trades Hands. The Dupont Business
Center is located in Ontario:
LOS ANGELES – Rexford Industrial
has acquired the Dupont Business Center, an 110,890-square-foot
industrial facility on 5.7 acres. Rexford purchased the property for
$10.2 million or $91 per square foot.
Rexford Industrial was attracted to the investment opportunity
because of its prime location in the Inland Empire West. Located in
Ontario’s foreign trade zone, the property is within close proximity to
several major freeways, including the I-15, I-10 and SR 60 freeway.
In addition to the location, the Dupont Business Center is also a
class-A industrial facility. With two-buildings, the property has
ESFR fire sprinklers and high clear heights. Originally built in 2001
for multiple smaller-sized tenants, the property is currently 100%
occupied by five tenants. According to Rexford’s co-CEOs Howard
Schwimmer and Michael Frankel, the company will split the larger
spaces as leases roll to generate higher rents.
This acquisition is Rexford Industrial’s 10th this year, gaining
nearly 1 million square feet year-to-date with a special focus on
Southern California. Recently, the public real estate trust acquired
two additional properties in San Fernando and Crescent Bay for a
total of $21.9 million. The two properties have a total of 176,978
Ontario Industrial Sells for $1.4M. Owner/User Takes Airport
Wineville Commerce Bldg:
Bakken Wineville Properties LLC sold
the industrial building at 800 S. Wineville Ave. in Ontario, CA for
$1.43 million, or about $125 per square foot, to a private buyer that
will run a chemical company at the property.
Built in 2006, the warehouse totals 11,425 square feet on three-
quarters of an acre in San Bernardino County, part of the Airport
Wineville Commerce Center industrial park at the southwest of E.
Armen Gourdikian and Sid Osbon of Cushman & Wakefield, Inc.
represented the seller, and were the sole brokers in the sale.
The Mayor and City Council are committed to the growth and evolution of Ontario’s economy.
RECENT CITY OF ONTARIO ECONOMIC DEVELOPMENT NEWS:
The City of Ontario will only be
allowing yard sales to occur on 4
weekends throughout the year.
The upcoming Yard Sale Weekend
is: November 7, 8 and 9.
Dates will be posted on the City’s website.
Residents will no longer need to go to City Hall to get a garage
Items for sale must be used merchandise that was
owned by the household. One 6 square foot sign can be placed in the
front yard to advertise the sale. After August 6, 2010, holding a garage
sale on any other days, besides the weekends designated by the City,
will result in a possible citation or fine.
The City is limiting the dates for yard sales to help prevent
traffic and parking problems in our neighborhoods, and to keep the
The City of Ontario has unveiled the
“myOntario” Smart Phone application
that allows residents with iPhones and
Android phones to point, click and send
photos of maintenance issues such as
graffiti, potholes, roadside debris,
shopping carts, storm drains, street
sweeping, lane striping, traffic signs,
sidewalk, curb, and gutter maintenance, tree trimming, park
maintenance, weed abatement, and sprinkler problems.
iPhone and Android users may download the “myOntario”
application for free from the iPhone App Store and Android Market by
searching for the keyword “myOntario”. Once installed, users will simply
open the application and follow the prompts to take a picture of the issue
and then tap “submit”. Using built-in global positioning system
technology, “myOntario” will attach a location to the picture and route the
information about the problem to the appropriate
City department for resolution.
City staff and Vendors will now be able to
respond like a business, using better
technology, encouraging efficiency and faster
myOntario Smart Phone
Sales and Leasing Activity