Business Notes: Dos Lagos, Momotree and Office Growth!

Dos Lagos showcases art, music

Greg Adamson is a local artist who creates paintings to live music on stage at the Dos Lagos Amphitheater. He will complete the second of two large paintings from 6:30 to 8:30 p.m. Friday at Art@the Heart of Dos Lagos, a collaboration of art and live music hosted by the Corona Art Association. Admission is free.

Adamson, a member of the Corona Art Association, sees a close connection between visual art and music.

"I am often drawn to musicians as subjects because I identify with the zone they seem to occupy when performing," he said. "I find myself in that same zone when I'm painting to music."

In addition to Adamson painting with band Derrick Edmondson, several art association members will be displaying and creating art on the Plaza near the Dos Lagos Amphitheater.

Information: www.PromenadeShopsatDosLagos.com, www.PM-Lifestyle.com.

Momotree coming to V.G.

Newly founded retailer Momotree will soon be joining the merchant lineup at Victoria Gardens.

The store, which will sell trendy apparel, accessories and collectibles and carry fashion lines such as Tokidoki, Harajuku Lovers, Tarina Tarantino and much more anime-based merchandise, is set to open in May.

"Momotree will bring an entirely new genre of products to Victoria Gardens, providing shoppers with even more choices," said Christine C. Pham, general manager of Victoria Gardens.

All the merchandise is hand-selected and meant to appeal to customers of all ages.

"Momotree was fortunate to find available space at Victoria Gardens," said store co-owner John Sugita. "It is the ideal conduit to bring these urban, pop-art inspired products to the Inland Empire."

Information: http://www.momotree.com/ , http://www.victoriagardensie.com/.

G&E sees strong office growth

Grubb & Ellis Co. says the 2008 commercial real estate outlook is good for the Inland Empire.

The industrial market is expected to further solidify its position as Southern California's leading distribution hub. The office market will see an increase in vacancy as supply outpaces demand and white-collar job growth slows with the slowing economy.

In the retail market, the weak housing market may bruise consumer confidence, but the Inland Empire seems somewhat immune as much of the area's local population is underserved by retailers in all categories.

The office development boom, which began in 2005, will slow in 2008 as developers become more cautious. Fallout in the local housing market coupled with the shaky mortgage industry will affect tenants, some of which will downsize their operations and sublet space.

The Inland Empire will continue to be an industrial powerhouse in 2008, benefiting from its proximity to the ports of Los Angeles and Long Beach, competitive rents, Los Angeles' under 2 percent vacancy rate, and available space to accommodate large warehouse users.

The Inland Empire has not been immune to fallout from the subprime lending crisis and its impact on consumer confidence. Nonetheless, the retail market has continued to exhibit strength.

Information: http://www.grubb-ellis.com/.

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