Home sales in California rose slightly year-over-year in July, the fourth consecutive month of growth in that category. At the same time, sales of existing single-family home sales – 253,170 – dropped six percent compared with June, their lowest point in six months and the 46th consecutive month that number …
Read More »Ballot measure would help developers deal with state environmental laws
Home builders and industrial developers who have been saying for years that California’s environmental laws are too extreme have a chance to change that. Proposition 45 – official name the Building and Affordable Care Act – would make changes to the California Environmental Quality Act, a state law that requires …
Read More »LA Fitness Center sold
A building in Lake Elsinore occupied by an LA Fitness has been sold for $11.7 million. The structure at 18550 Dexter Ave. is part of the Central Crossroads Shopping Center, one of the city’s most popular shopping destinations, according to RealSource Group, a national commercial real estate brokerage. RealSource Group …
Read More »Inland multifamily occupancy rises
The Inland Empire multifamily market posted a solid second quarter. Occupancy was 96 percent, a 50-basis point increase compared with the first quarter, and the highest occupancy since the first quarter of 2025, according to CBRE. Recently delivered communities helped the market stabilize, CBRE reported. Net absorption totaled 1,048 units, …
Read More »Vacation-home purchases rose in 2025
Second-home purchases made a comeback in 2025. The number of second-mortgages secured last year rose 4.1 percent year-over-year, the first annual increase in four years, according to Seattle-based Redfin. Mortgages for primary homes rose one percent in 2025 after rising two percent in 2024. “Vacation homes are making a modest …
Read More »Apartment complex sold
A 50-unit multifamily development in Rialto has been sold for $12.2 million. Cambria Villa Apartments cover 43,000 square feet on a 103,700-square-foot site, according to CBRE. Built in 1985, the property at 1531 W. Rialto Ave. features one and two-bedroom units that cover an average of 887 square feet. amenities …
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IE Business Daily Business news for the Inland Empire.