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Riverside fund will help create affordable housing

Housing rents continue to rise

Riverside has established a Local Affordable Housing Trust Fund, the 42nd such fund created in California. The city council voted recently to create the fund and apply for $1.5 million in state and federal funds set aside for municipalities that have been designated “pro-housing,” according to a statement on Riverside’s …

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SoCal housing market stays solid

median priced home

Home sales in Southern California rose 6.6 percent year-over-year in January, with Riverside and San Bernardino counties recording gains, according to data released March 18. Orange County posted the region’s largest annual increase in home sales, at 12.9 percent, followed by Riverside (8.7 percent), Los Angeles (8.0 percent), San Bernardino …

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San Bernardino retail parcel changes hands

A property in San Bernardino occupied by a 7-Eleven convenience store has been sold for $7.7 million. The 1.2-acre parcel at 171 E. Redlands Blvd. was sold by Chase Partners Ltd. in Glendale, the project’s developer, to a private investor in Bakersfield whose name was not released, according to Hanley …

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Financing obtained for major industrial project

Financing has been arranged for the first phase of 6.6 million-square-foot industrial project that is being built in Fontana. CBRE Investment Management and Dallas-based Hillwood Investment Properties have secured approximately $756 million through Eastdil Secured to help finance construction of Speedway Commerce Center, according to a statement. The first two …

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Morongo tribe makes $5 million hospital donation

Morongo tribe donates $6.5 million to hospital

The Morongo Band of Mission Indians has donated $5 million to the San Gorgonio Hospital Foundation to help establish a women’s health program. Most of the donation will be used to help improve the hospitals obstetrics, gynecology, breast health, and women’s wellness programs, according to a statement released by the …

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ONT completes three straight years of passenger increases

ONT nearly back to pre-pandemic passenger levels

Ontario International Airport stayed hot in February, as its streak of year-over-year passenger increases reached 36 months. Passenger traffic grew nine percent during the second month of this year compared with February 2022, as the airport accommodated 413,413 domestic and 36,480 international fliers, according to data released Monday by the …

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