Progressive Real Estate Partners in Rancho Cucamonga has helped negotiate the $13.5 million sale of a Los Angeles County shopping center. The Shops at Walnut Hills Plaza covers 37,200 square feet at 18718–18766 Amar Road and is fully leased, according to a statement on Progressive’s website. Progressive represented the seller, a …
Read More »Pending homes sales decline
Pending home sales dropped 4.1 percent nationwide during the four weeks that ended April 12, the largest decline in four years, a recent study found. During that time, 43 of the 50 largest housing markets recorded a decline in pending home sales, a trend attributed in part to the economic …
Read More »Restaurant property sold
A retail property in Lake Elsinore that is occupied by a Pollo Campero restaurant has been sold for $2.9 million. The 1.1-acre site at 29160 Central Ave. was sold by Evergreen Devco. Inc., which specializes in retail, multifamily and industrial real estate development, according to Hanley Investment Group in Corona …
Read More »Retail sales climb for the sixth straight month
U.S. retail sales rose for the sixth consecutive month in March, thanks to higher-than-normal tax returns that made up for higher gas prices, according to data released April 14. Total retail sales, excluding automobile dealers and gasoline stations, were up 0.4 percent month-over-month and up 6.6 percent year-over-year, the CNBC/National Retail Federation …
Read More »Inland office market slips
The Inland Empire office market slowed during the first quarter. Net absorption fell to negative 99,600 square feet, down from positive 15,100 square feet in the fourth quarter of 2025, according to CBRE. Vacancy was 6.1 percent, up from 5.7 percent quarter-over-quarter. That modest increase was attributed to several large …
Read More »Inland industrial vacancy increases
The Inland Empire industrial market recorded a 7.8 percent vacancy rate during the first quarter, a 1.2 percent increase compared with the fourth quarter of 2025, according to a report. An increase in move-outs among buildings 500,000 square feet and larger, was responsible for that trend, which was strong enough …
Read More »
IE Business Daily Business news for the Inland Empire.