A Temecula office building has been sold for $13.8 million. The Tower Office Plaza was sold recently by Providence Real Estate Group to Level Asset Capital, a commercial real estate investment firm in Irvine, according to CBRE. “Office sales in the Temecula and Murrieta areas remain strong and are somewhat …
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Eight months after it opened, Corona held a grand opening ceremony at a former hotel that has been converted into a homeless facility. Vista Dorada reached full capacity in June, not long after it opened, but a ceremony marking that milestone was postponed because of a COVID-19 outbreak at the …
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Macy’s Inc. will close 150 underperforming stores, starting with 50 that will be shut down by the end of the company’s current fiscal year next Feb. 1. The move, called the start of a “bold new chapter” by the New York-based department store chain, will leave the company with about …
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The U.S. housing market gained $2.4 trillion between the end of 2022 and the end of last year, according to a study release Feb. 28. The total value of U.S. homes increased 5.3 percent year-over-year, the largest increase in 11 months, and was up 13.3 percent – $5.6 trillion – …
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A 22-acre residential rental community has opened in La Quinta. SolTerra Luxury Rental Homes consists of 131 three or four-bedroom single-family homes, according to a statement. The project broke ground in January 2022 and took about two years to complete. The one-and two-story houses include large open floor plans, two-bay …
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A 17,360-square-foot industrial building in Ontario has been sold for $3.4 million. The multi-tenant structure at 1804-828 E. Elma Court has 13 fully-occupied units, according to 36th Street Partners, the El Segundo-based industrial investment firm that purchased the property. Built in 1982, the building sits on 1.3 acres in a …
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IE Business Daily Business news for the Inland Empire.
