• Phelan Development Company closes escrow on a 4 acre site in Ontario, CA  with plans to develop a 73,000 sft. industrial warehouse  

• Construction of Phelan Logistics Center in Fontana, CA is underway. The project is scheduled for completion in the first quarter of 2009.

• CVIG and Phelan Development complete another transaction in the Sacramento market with the purchase of 72,000 SF at 8364 Rovana Circle.

• Phelan Development Company expands to Sacramento, CA.