A 32-unit apartment complex in Riverside has sold for $5.4 million. Located at Madison Street and Magnolia Avenue, the two-story multifamily property has exclusively one-bedroom floorpans, according to a statement released today by CBRE. The purchase price works out to $170,000 per unit. Brian and Sue McMillan were the sellers …
Read More »City to decide fate of short-term vacation rentals
Cathedral City will hold a special election today to decide how it will deal with short-term vacation rentals. If approved, Measure B will leave in place the city’s current regulations, which were approved by the city council after “one year of community engagement and feedback,” according to a statement on …
Read More »SB County moves forward on underground rail project
The proposed Ontario Airport Loop would connect the airport to Rancho Cucamonga’s Metrolink Station. The four-mile tunnel would cost about $85 million, a fraction of what an above-ground system would cost. Negotiations to build an underground transit service between Rancho Cucamonga’s Metrolink station and Ontario International Airport are underway. The …
Read More »Industrial building leased to bedding company
An 80,000-square-foot industrial building in Rialto has been leased. The building, at 1798 N. Linden Ave., will be fully occupied by “a well-established leader in the bedding industry,” according to Dermody Properties in Reno, Nev., owner of the property. The future occupant’s name, and how many people will work there, …
Read More »Redlands gets set to redo housing policies
Redlands is asking for the public’s help in updating the housing element of the city’s general plan. The current housing element details Redlands’ housing goals from 2013 through the end of this year, and by law it must be updated, according to a statement on the city’s website. The housing …
Read More »Brown-Hinds to chair IECF board
Paulette Brown-Hinds has been named chair of the Inland Empire Community Foundation’s board of directors. Publisher of VOICE and Black Voice News, both based in the Inland Empire, Brown-Hinds joined the foundation’s board in 2014 and most recently was its vice chair, according to a statement. She is the first African-American …
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IE Business Daily Business news for the Inland Empire.