A multifamily complex in Ridgecrest that is priced for low-income occupants has been sold for $3.8 million. Ridge Apartment Homes, 400 Cisco St., has two and three-bedroom units as well as an outdoor pool and playground, according to a statement. The property, located east of Highway 395 and north of …
Read More »Desert apartment complex sold
A 20-unit apartment complex in Twentynine Palms has been sold for $2.4 million. Blue Horizon Apartments was 95 percent occupied when it changed hands, according to CBRE, which represented the buyer and the seller in the transaction. Both parties declined to be identified. “The Twentynine Palms area has grown a …
Read More »San Bernardino awards grants to small businesses, nonprofits
San Bernardino has given out $2.5 million in grants to 105 small businesses and non-profits hurt by the pandemic. A total of 87 local small businesses and 18 non-profit organizations received grants with money provided by the American Rescue Plan Act, with most donations ranging from $10,000 to $35,000, according …
Read More »Riverside to invest heavily in its parks
Riverside will spend $23 million upgrading its parks and recreation facilities during the current fiscal year. The city council recently agreed to spend another $3 million on several recreational projects, bringing the city’s current investment in that department to $23 million, according to a statement on the city’s website. Projects …
Read More »State housing market stays sluggish
Sales of existing single-family homes in California totaled 240,940 in September, down 5.4 percent in August and 21.5 percent from one year earlier, according to data released today. The median price of a single-family home last month was $843,340, down 1.2 percent from August but up 3.2 percent year-over-year, the …
Read More »Moreno Valley wins tech award, again
Moreno Valley has received the Excellence in Information Technology Practices Award from the Municipal Information Systems Association of California. This is the 21st consecutive year Moreno Valley has won the award, which recognizes “municipalities that meet strict information technology standards in the public sector,” according to a statement on the …
Read More »
IE Business Daily Business news for the Inland Empire.