Inland Real Estate Income Trust, Inc., has announced its purchase of the Blossom Valley Plaza Shopping Center. Located about 15 miles southeast of Modesto in Turlock, California, the 111,558-square-foot shopping center expands the company's real estate portfolio, which already includes numerous commercial properties.
Positive trends in commercial real estate
Commercial real estate investors in California may be happy to learn that the real estate market and the U.S. economy both seem to be on the way up. Rental housing and office properties have been in high demand, thanks to a positive trend in U.S. employment. Low oil prices have also led to an increase in consumer spending that has benefited commercial businesses that offer goods and services.
