Available retail space in the Inland Empire fell 10 basis points to 6.9 percent during the first quarter of this year, according to a recent report. That quarter-over-quarter decline can be attributed to leasing outperforming the large-format space that came online, as well as a tightening of overall market conditions, CBRE …
Read More »PREP helps sell Pomona building
Progressive Real Estate Partners in Rancho Cucamonga has helped negotiate the sale of a historic building in downtown Pomona. The Armstong Building at 150-196 E. Third St, and 345 S. Locust St. was purchased recently by the Western University of Health Sciences for $2.9 million, according to a statement on …
Read More »Burger chain is coming to Corona
A vacant drive-thru restaurant in Corona is the future site of Troys Burgers. The 2,230-square-foot building at 4330 Green River Road, formerly occupied by a Copperlocks Grill, sold recently for $2.4 million, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive represented the seller in the transaction. Details about …
Read More »Inland Walmart stores included in statewide upgrade
Walmart is remodeling 56 of its California stores, including eight in the Inland Empire. The improvements will include better layouts, more advanced technology, and services that will reduce shopping and delivery times to less than an hour for most customers, according to a company statement. “By modernizing our stores, we’re …
Read More »Inland Empire multifamily market drops
Occupancy in the Inland Empire’s multifamily market declined in the first quarter, according to CBRE. The drop of 10 basis points from the last three months of 2025 marked the third consecutive quarterly decline for the Inland region, CBRE reported. The Inland region experienced a year-over-year drop of 50 basis …
Read More »CVB Financial ranked among best banks for deposits
CVB Financial Corp. in Ontario, the holding company of Citizens Business Bank, has been ranked second among the large U.S. banks based on deposit franchise. S&P Global Market Intelligence studied 140 banks and thrifts with more than $10 billion in assets as of December 31, and from that ranked the …
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IE Business Daily Business news for the Inland Empire.