A 10-unit apartment complex in downtown Palm Desert has been sold for $2.2 million. The two-story building at 73435 San Gorgonio Way covers 8,360 square feet and sold for $220,000 per unit, according to CBRE. CBRE represented the buyer, who is based in Los Angeles. No other information about the …
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A building in Indio occupied by the Texas Roadhouse steakhouse chain has been sold. The 16,600-square-foot building at the southeast corner of Jackson Street and 42nd Avenue sold for $3 million, according to a statement. Mountain Group, a real estate developer in Santa Ana that bought the property in 2018, …
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The Rancho Cucamonga Fire District has purchased an electric fire engine for $1.3 million. The Rosenbauer RTX Electric Fire Engine will operate out of Station 178, which is scheduled to open this spring on Town Center Drive east of Haven Avenue, according to a statement on the city’s website. Rancho …
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The Inland Empire industrial market continued to slow during the fourth quarter of 2023, with vacancy on the rise and leases and sales in decline. Vacancy rose a “whopping” 94 basis points in the last three months of 2023, to 4.8 percent, with total vacant space rising to 32.2 million …
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San Bernardino has received a $35 million state grant that will pay for temporary housing for the chronically homeless. The money, from the Department of Housing and Community Development, will finance construction of a facility next to the Lutheran Social Services’ San Bernardino campus at 1354 N. G St., according …
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The Inland Empire recorded a 5.1 percent unemployment rate in December, essentially unchanged month-over-month but well above the 3.7 percent predicted one year earlier, according to data released Friday. California’s unadjusted unemployment rate during the last month of 2023 was 5.1 percent, while the national rate was 3.7 percent, the …
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IE Business Daily Business news for the Inland Empire.
