Foothill Ridge, a 232-unit apartment complex in Upland, has been sold for $82 million. Institutional Property Advisors, a division or Marcus & Millichap, negotiated the sale, according to a statement. The sale breaks down to $353,448 per unit. The seller was Virtu Investments, an apartment fund manager in Carlsbad with …
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A fully-occupied retail building in Claremont has been sold for $4.1 million. The structure, at 903-911 Foothill Blvd. covers 9,226 feet and is next door to Sprouts Farmers Market, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive marketed the property and represented the seller, The Festival Companies, a …
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Moreno Valley plans to spend more than $29 million upgrading its streets. The city council recently approved the first phase of its Pavement Rehabilitation Program, the largest public works project in Moreno Valley’s 28-year history, according to a statement on the city’s website. Construction on phase one is expected to …
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Morongo Casino Resort & Spa is scheduled to hold two job fairs in July. The first is scheduled to be held from noon to 2 p.m. July 5, the second from 10 a.m. to noon July 19, according to a statement. Both events will be held at the Morongo Grand …
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Construction has begun on a 122-suite hotel in Moreno Valley. WoodSpring Suites is being built at 24455 Hemlock Ave. and will be the chain’s fourth Inland Empire location, according to a statement on the city’s website. The extended-stay hotel is expected to open in the summer of 2023. TGC Group, …
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San Bernardino has received a $4.1 million state grant that it will use to hire 70 young and early-career staff members during the next two years. Positions will be filled in parks and recreation, animal services, library, and police departments, along with jobs in some community-based organizations, according to a …
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IE Business Daily Business news for the Inland Empire.
