Cal State San Bernardino has received $79 million from the state legislature, money the university will use to build the first phase of the Student Center Building on its Palm Desert campus. The 23,700-square-foot facility will accommodate about 4,000 students and and free up other space on campus for classrooms …
Read More »Upland apartments sell for $82 million
Foothill Ridge, a 232-unit apartment complex in Upland, has been sold for $82 million. Institutional Property Advisors, a division or Marcus & Millichap, negotiated the sale, according to a statement. The sale breaks down to $353,448 per unit. The seller was Virtu Investments, an apartment fund manager in Carlsbad with …
Read More »Claremont retail property fetches $4.1 million
A fully-occupied retail building in Claremont has been sold for $4.1 million. The structure, at 903-911 Foothill Blvd. covers 9,226 feet and is next door to Sprouts Farmers Market, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive marketed the property and represented the seller, The Festival Companies, a …
Read More »Moreno Valley to start street improvements
Moreno Valley plans to spend more than $29 million upgrading its streets. The city council recently approved the first phase of its Pavement Rehabilitation Program, the largest public works project in Moreno Valley’s 28-year history, according to a statement on the city’s website. Construction on phase one is expected to …
Read More »Morongo Casino to hold job fairs
Morongo Casino Resort & Spa is scheduled to hold two job fairs in July. The first is scheduled to be held from noon to 2 p.m. July 5, the second from 10 a.m. to noon July 19, according to a statement. Both events will be held at the Morongo Grand …
Read More »Hotel coming to Moreno Valley
Construction has begun on a 122-suite hotel in Moreno Valley. WoodSpring Suites is being built at 24455 Hemlock Ave. and will be the chain’s fourth Inland Empire location, according to a statement on the city’s website. The extended-stay hotel is expected to open in the summer of 2023. TGC Group, …
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IE Business Daily Business news for the Inland Empire.