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SAN BERNARDINO, CA—With restaurants like BJ's Pizza and Panera Bread under construction on locations in Menifee, CA, and with CBRE senior VP Scott Kaplan telling GlobeSt. com about the retail resurgence of San Bernardino County, can it be that things are looking up on the retail front? Multiple sources say there's truth to the statement.

Jerry Holdner, a VP of market research at Voit Real Estate Services, foresees a continued increase in investment activity in the coming quarters “as lenders dispose of distressed assets.” He points out that lease rates have begun to stabilize and are expected to continue to firm up and increase in the rest of 2012. “As job creation continues and consumer confidence stabilizes, the retail market will continue to recover.”

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