Construction has started on a 406,100-square-foot industrial building in Hesperia. The project, at 9260 Mesa Linda St., is expected to be completed during the second quarter of next year, according Voit Real Estate Services. It is available for sale or lease. Voit is in charge of marketing, sales, and leasing. …
Read More »Empire region leads nation in large industrial leases: report
The Inland Empire had the highest number of large industrial leases nationwide during the first half of 2025, according to CBRE. Of the 100 industrial leases of one million square feet or more, 14 were in Riverside or San Bernardino counties, the most of any major U.S. market, the international …
Read More »Retail building sold for nearly $6 million
A 7,200-square-foot retail building in Winchester has been sold for $5.9 million. The structure at 35974 Winchester Road is home to Panera Bread and Toro Sushi, both of which have long-term triple-net leases, according to SRS Real Estate Partner’s Newport Beach office. The building in the French Valley Marketplace also …
Read More »Financing arranged for Coachella Valley multifamily project
An east coast firm that arranges financing for multifamily projects has secured a $160 million loan for the first phase of a master planned community in Rancho Mirage. Walker & Dunlop Inc, in Bethesda, Md., were exclusive advisors to the borrower, EC Rancho Mirage Holdings Limited Partnership and its affiliates, according …
Read More »Home prices too high for most residents
Home ownership continued to be out of reach for most Californians during the second quarter of 2025. Only 15 percent of the state’s households could afford the $905,680 median price of a single-family home during that time, down from 17 percent in the first quarter and up from 14 percent …
Read More »Redlands multifamily sells for $148.4 million
A 328-unit multifamily development in Redlands has been sold for $148.4 million. The Venue at Orange was sold by LuxView Properties in San Diego to Sentinel Real Estate Corp. in Australia, according to Institutional Property Advisors, a division of Marcus & Millichap. LuxView developed the project, which was completed two …
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IE Business Daily Business news for the Inland Empire.