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Promenade to Get New Tenants

Promenade to Get New Tenants

The Promenade at Temecula will add two new retailers to its tenant mix next year. Luna Grill, a Mediterranean restaurant with healthy menu options that include gourmet salads wholesome wraps, is scheduled to open its first Riverside County location at the Promenade, according to a statement. The restaurant will be …

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Business Park Changes Hands

High Desert Shopping Center Changes Hands

Club Business Park, a 51,000-square-foot business property in San Bernardino, has been sold. The facility, at 164-194 W. Club Center Drive and 2211 S. Hunts Lane, sold for $2.8 million, according to Marcus & Millichap, which brokered the deal. The transaction was announced Thursday. The buyer and seller were both …

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Inland Empire Retail Market will Probably Tread More Water in 2016

Inland Empire Retail Market will Probably Tread More Water in 2016

Like its office market, the Inland Empire regional market just completed a decent year, but not a spectacular one. As 2016 approaches, look for more retailers to enter the local market and lease rates to creep up a little bit, but not much in the way of new development. The …

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Local Housing Sales, Prices Continue to Rise

Local Housing Sales, Prices Continue to Rise

The Inland Empire housing market stayed solid in November. Sales of single-family homes were up 5.5 percent in Riverside County and 2.3 percent in San Bernardino County last month compared with November 2014, according to data released Wednesday by CoreLogic in Irvine. Prices also posted solid gains: the median price …

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Local Housing Sales, Prices Continue to Rise

Local Housing Sales, Prices Continue to Rise

The Inland Empire housing market stayed solid in November. Sales of single-family homes were up 5.5 percent in Riverside County and 2.3 percent in San Bernardino County last month compared with November 2014, according to data released Wednesday by CoreLogic in Irvine. Prices also posted solid gains: the median price …

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Inland Empire Mortgages on more Solid Footing

Inland Empire Business News January, 2015.004

Negative equity among residential properties in the Inland Empire dropped during the third quarter, according to data released Tuesday. Overall, 11.4 percent of mortgaged residential properties were burdened by negative equity during the third quarter, down from 15 percent year-over-year, Irvine-based CoreLogic reported. About 2.4 percent of mortgaged properties in …

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