The Inland Empire industrial market recorded a 7.8 percent vacancy rate during the first quarter, a 1.2 percent increase compared with the fourth quarter of 2025, according to a report. An increase in move-outs among buildings 500,000 square feet and larger, was responsible for that trend, which was strong enough …
Read More »Coachella Valley festival returns
The 25th edition of the Coachella Valley Music & Arts Festival kicked off April 10 in Indio. An estimated 250,000 people are expected to gather at the Empire Polo Club for the two-weekend event that will run through April 19 Both weekends are sold out, but the event will be …
Read More »Pending home sales drop
Pending home sales fell 2.4 percent nationwide during the four weeks that ended April 5, the largest decline in three years, according to data released April 9. Homebuyers are backing away from transactions for several reasons, including higher mortgage rates, higher prices, and the Iran War, Seattle-based Redfin reported. The …
Read More »SBCTA looks to curb improper use of HOV lanes
The San Bernardino County Transportation Commission has approved a pilot program meant to reduce the illegal use of Interstate 10 express lanes. The four-month Automatic Occupancy Detection program uses advanced cameras and artificial intelligence to count the number of people in a vehicle as it passes through a toll point, …
Read More »Victorville moves forward with Old Town restoration
Victorville’s plans for reviving its Old Town are getting more ambitious. Those plans now include reducing 7th Street from four lanes to two, one in each direction, and installing a roundabout at 7th Street and Forest Avenue, near the city’s Veterans Memorial. Officials in the High Desert city hope both projects …
Read More »Riverside braces for financial struggles
Riverside’s general fund is headed for a fall. Revenue is expected to drop by $8.1 million and $9.1 million during the next two fiscal years respectively, according to a statement on the city’s website. During that time, spending is expected to increase by $19 million in fiscal year 2026/27 and $25 …
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IE Business Daily Business news for the Inland Empire.