Real Estate

Gov. Gavin Newsom recently announced a budget surplus of nearly $100 billion, which has various interest groups throughout the state scrambling for their share. One of those is the housing industry, which is making its case for getting some help from Sacramento.   California has a $97.5 billion surplus, and …

Three apartment complexes in the Coachella Valley have been sold for $3.8 million. The properties, at 3760 and 4022 E. Calle De Carlos in Palm Springs and 78981 Savanna La Mar Drive in Bermuda Dunes, were bought by a local private investor whose name was not released, according to a …

A Chicago-based real estate investment company has purchased a 736-unit apartment complex in Ontario. Waterton, which specializes in multifamily, senior living and hospitality projects, bought Terracina 3303 S. Archibald Ave., for an undisclosed sum, according to a statement on the company’s website. The 41.3-acre community, which will be rebranded as …

Amazon is building a 4.1-million-square-foot warehouse distribution facility in Ontario. The five-story project will reportedly employ 1,500 people and be the online retail company’s largest logistics facility anywhere in the world, according to multiple reports. ProLogis Inc., a San Francisco-based real estate trust, is building the project in the southwest …

Large industrial projects are having to move away from urban areas The Inland Empire isn’t the only market that is running out of space large enough to accommodate mega warehouse-distribution centers. The trend, strongest in the Inland region, is happening in five of the United States’ industrial markets, according to a report …

UC Riverside has been ranked 40 by Money Magazine on its 2022 list of “Best Values” colleges. The list of 623 colleges and universities ranks those institutions based on graduation rates, affordability and graduate earnings, according to a statement on the university’s website. To make the list, a school must …