Two retail pads in Murrieta have been sold for $6.9 million. One of the parcels at California Oaks Road and Jackson Avenue is occupied by a Quick Quack Car Wash, the other is the future home of a Popeyes Louisiana Kitchen, according to Hanley Investment Group in Corona Del Mar. …
Read More »Homeowners are keeping their homes longer: report
U.S. homeowner is staying put longer than they once did. The typical U.S. homeowner today stays in their home for 12 years, the longest period since 2022, according Redfin. Homeowner tenure peaked at 13.4 years in 2020, but declined gradually during the next three years because of the increase in …
Read More »7-11 fueling lanes prototype sold
A set of commercial fueling lanes under construction at a 7-Eleven in San Bernardino have been sold for $3 million. The project’s developer, Chase Partners Ltd. in Glendale, sold the project to an Orange County investor whose name was not released, according to Hanley Investment Group in Corona Del Mar. …
Read More »Major shopping center planned for High Desert
A shopping center that will cover nearly 300,000 square feet will be built in Victorville. Desert Sky Plaza II will be developed on 30 acres at the southeast corner of Roy Rogers Drive and Amargosa Road, according to NewMark Merrill Companies, Inc. in Calabasas, the project’s developer. Ground is expected …
Read More »Expansion of High Desert shopping center underway
A 20,000-square-foot building is under construction at Apple Valley Commons. The structure, which is expected to be completed this summer, will be home to Ulta, Bath and Body Works, and Five Below, according to Lewis Retail Centers in Upland. Apple Valley Commons covers 424,000 square feet on 49 acres at …
Read More »Multifamily project to be used affordable housing
A 120-unit multifamily development in Victorville that will be used for affordable housing has been sold for $21 million. Golden Sands Apartments was purchased by Aspen Real Estate Financial LLC, in partnership with the Housing Authority of the County of San Bernardino and the California Affordable Housing Agency, according to …
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IE Business Daily Business news for the Inland Empire.