OLD TOWN TEMECULA SEES INCREASED ACTIVITY IN COMMERCIAL REAL ESTATEMay 12th, 2016 by Elizabeth Rouse
Temecula, CA (May 9, 2016) – The Temecula Valley’s commercial real estate market is experiencing strong growth, specifically in the areas of population, jobs and employment. This growth, coupled with increased residential activity, is driving retail expansion. Restaurant activity is especially strong in Old Town Temecula, from state of the art breweries and tasting rooms, to unique, gourmet-style restaurants that are new to the market scouting for locations, and existing chains eyeing expansion sites.
“Market conditions have significantly improved and Temecula is finally enjoying the economic benefits of living in this great city,” said Janet Kramer, Senior Vice President of Coldwell Banker Commercial SC (CBC SC). “Old Town especially has seen an increase in activity; unique users and restauranteurs have likened it to the new “Gaslamp” and are wanting to locate or expand here,” she added.
Since last October, Janet has had several notable transactions in Old Town Temecula alone. Most recently, she represented the seller in the sale of 5 separate parcels totaling 0.8 acres at the corner of Mercedes and Third Streets. The buyer intends to build a 150-room, 4-star boutique hotel, which will be the new destination spot for tourists and locals alike.
Janet has been working and focusing only on the Temecula market since 2002, leveraging her local market expertise, well-established relationships and marketing firepower, ensuring each client gets the attention and results they deserve.
If you would like more information about this topic, please contact Janet Kramer at (951) 297-7428 or email at [email protected]
About Coldwell Banker Commercial SC
Coldwell Banker Commercial SC is a full service commercial real estate firm located in Southern California, with office locations in San Diego, Temecula, Redlands and Ontario, specializing all areas of commercial real estate and asset management. With a proven track record of efficiency, quality care and service, we offer the global strength that is synonymous with the Coldwell Banker Commercial brand. Our years of combined experience in commercial asset management services allows us to cost effectively serve the unique needs of each client. Our priority is value enhancement and the optimization of our client’s financial returns. Every effort is focused on this goal.
For more information, visit: www.cbcsocalgroup.com