Five retail parcels in Riverside have been sold for $20.7 million. The properties cover nearly 26,000 square feet at Citrus Landing, a recently remodeled 125,000-square-foot neighborhood shopping center, according to Hanley Investment Group in Corona Del Mar. The properties are at Van Buren Boulevard and Arlington Avenue and are occupied …
Read More »Agreement opens door to Palm Springs College of the Desert campus
Palm Springs and the Desert Community College District have reached an agreement that will bring a college campus to the city. Announced last month, the agreement reaffirms the district’s commitment to develop the West Valley Campus, formally known as the Palm Springs Development Project, according to a district statement. The district …
Read More »Kruse named chief of staff
Mikaila Kruse has been named chief of staff to Riverside Mayor Patricia Lock Dawson. Kruse previously served as the acting legislative director to State Sen. Richard Roth (D-Riverside) in Sacramento, according to a statement on the city’s website. She began work Oct. 25. “I am excited to get back to Riverside …
Read More »Knox to oversee SB County’s veterans affairs office
Matthew Knox has been named San Bernardino County’s director of veterans affairs. A U.S. Army veteran, Knox was recently appointed by the board of supervisors, according to a statement on the county’s website. “It’s an honor to lead this organization, because our team plays a pivotal role in ensuring veterans …
Read More »Four-building industrial portfolio changes hands
A four-building industrial portfolio that covers three Inland Empire cities has been sold for $201 million. Boston-based Cabot Properties bought each of the structures, which combined cover 669,000 square feet, from a private seller whose name was not released, according to a statement. All four buildings are fully occupied. Combined, …
Read More »Inland multifamily: occupancy flat, absorption up
The Inland Empire multifamily market had a 95.2 percent occupancy rate at the end of the third quarter, a slight increase – 0.5 percent – from the second quarter, according to CBRE. One thousand one hundred and thirty-six multifamily units were absorbed in Riverside and San Bernardino counties during the quarter …
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