A Starbucks Cafe & Drive-Thru in Perris has been sold for $4.8 million. Hanley Investment Group in Corona Del Mar represented the seller, Yellow Rose Ranch, LLC, according to a statement, Yellow Rose Ranch also developed the property at 3939 Ramona Expressway. The buyer was a private investor from Newport …
Read More »Inland industrial vacancies rise slightly
The Inland Empire’s industrial market’s vacancy rate rose to 8.8 percent during the fourth quarter of 2025, a 1.1 percent year-over-year increase, according to a recent report. At the same time, the average monthly lease rate was $1.00 per square foot, a two-cent decrease from the previous quarter, and down …
Read More »Retail sales spiked at end 2025
Retail sales nationwide surged during the last two months of 2025, as consumers continued to make holiday spending a priority despite some choppy economic waters. Sales from Nov. 1 through Dec. 31 grew 4.1 percent compared with the last two months of 2024, to a little more than $1 trillion, …
Read More »Riverside launches downtown valet program
Riverside is trying to make it easier to move around and park within its downtown. The Downtown Valet Program is a six-month pilot that will make it easier for patrons of restaurants, entertainment venues and businesses in downtown Riverside to reach their destinations quickly, according to a statement on the city’s …
Read More »UCR welcomes record number of first-year students
Nearly 8,300 first-year and transfer students attended UC Riverside during the fall 2025 quarter, the largest entering class in the school’s 72-year history. UC Riverside also experienced the largest year-over-year increase in new student enrollment during last year’s fall quarter: from 6,690 in the fall of 2024 to 8,293 last fall, …
Read More »Inland region added jobs in November
The Inland Empire recorded 5.4 percent unemployment in November, adding 18,400 non-agricultural jobs month-over-month, according to a report. California’s jobless rate during the next-to-last month of 2025 was also 5.4 percent, the state Employment Development Department reported. Both the local and state jobless numbers were unadjusted, meaning they don’t take …
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IE Business Daily Business news for the Inland Empire.