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The Inland Empire’s two largest universities have been named among the top U.S. universities for social mobility by a Washington, D.C.-based think tank. Cal State San Bernardino ranked fifth and UC Riverside 14th on Education Reform Now’s Social Mobility Elevator rankings for 2023, which ranks more than 1,400 colleges and …

Wildomar is on track to get its first hotel. Irvine-based American Redevelopment Solutions has closed escrow on the property where it plans to develop a Marriott TownePlace Suites, according to a statement on the city’s website. The 102-room hotel will be built next to an 84,000-square-foot Kaiser Permanente medical office …

Prologis Inc., will purchase approximately 14 million square feet of industrial properties from Blackstone Inc. for $3.1 billion. The all-cash transaction was expected to close within days of its June 27 announcement, according to a statement. “These high-quality properties are complementary to our portfolio and fit perfectly into our long-term strategic …

Riverside County has adopted an $8.6 billion budget for the 2023-2024 fiscal year, which began July 1. The budget approved by the board of supervisors on June 27 tops last year’s spending plan by $1 billion, a 15 percent increase, according to a statement on the county’s website. The current …

The average U.S. home is selling for approximately $383,000, only $4,000 less than the all-time record price set exactly one year ago, according to Redfin. That’s the smallest year-over-year drop in four months, and only the second time since August that the nationwide sale-to-list price ratio has hit 100 percent, …

Riverside has a new assistant city manager and finance director. Edward Enriquez and Kristie Thomas were recently named to those positions, respectively, according to a statement on the city’s website. Enriquez, who has been interim city manager for about the past year, will remain chief financial officer and treasurer. “I’m …