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Eastvale to get Walmart Supercenter

Construction has begun on a Walmart Supercenter in Eastvale. A groundbreaking ceremony was held March 20 at 14100 Limonite Ave., future site of the 171,000 square-foot store, according to a statement on the city’s website. The store, which will include a 16-pump gas station, will create approximately 300 jobs. It …

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Smokehouse restaurant to open in Coachella Valley

A new smokehouse restaurant has agreed to open in Indio. Babe’s Smokehouse and Tavern will occupy 2,300 square feet at Canopy at Citrus, a 25,000-square-foot neighborhood shopping center at 49730 Jefferson St., according to a statement. Terms of the lease were not disclosed. The restaurant, near Highway 111, is expected …

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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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