The Inland Empire office market during the last three months of 2022, held steady with few move-outs and much leasing. The two-county region recorded 77,041 square feet of positive net absorption and a vacancy rate of 8.6 percent, a quarter-over-quarter gain and decline, respectively, according to CBRE. While those two …
Read More »
The San Bernardino County Transportation Authority has received $18.8 million in state funding that will help pay for the West Valley Connector Bus Rapid Transit program. Announced recently by Gov. Gavin Newsom, the grant is part of more than $1.3 billion in state funding that will help pay for capital …
Read More »
The Riverside County Board of Supervisors has agreed to a pay raise for workers in the county’s In-Home Support Services program. The agreement, which must still be approved by the state and members of the United Domestic Workers, calls for three straight years of pay increases for members of that …
Read More »
U.S. single-family home prices grew 6.9 percent in December, the lowest rate of year-over-year growth since the summer of 2020, a report released today stated. That slowdown is being blamed primarily on high mortgage rates and general pessimism about the economy’s immediate future, according to CoreLogic in Irvine. Despite a …
Read More »
A 1.8-million-square-foot warehouse-distribution center in an unincorporated community in Riverside County has been sold for a reported $329 million. Shopoff Realty Investments in Irvine and Artemis Real Estate Partners in Washington, D.C., sold Cherry Valley Logistics Center, to Toronto-based Brookfield Asset Management, according to a statement posted on Feb. 6 …
Read More »
The world’s largest movie theater chain in the United States will start charging ticket prices based on seat location at all of its domestic theaters. AMC Theatres’ Sightline at AMC program has started at some locations and will be standard at all AMC domestic cinemas by the end of the …
Read More »
IE Business Daily Business news for the Inland Empire.
