Palm Canyon Shopping Center, a 40,000-square-foot retail center in downtown Palm Springs, has been sold. The development at 471 S. Indian Canyon Drive sold for $7.3 million and was 56 percent occupied by six tenants – including International House of Pancakes, Urban Yoga and Casa Moderno – when escrow closed, …
Read More »Mayor shows support for Habitat for Humanity
Moreno Valley Mayor Yxstian Gutierrez wanted to make a dramatic gesture to show his support for Habitat for Humanity, the international nonprofit agency that builds houses for people in need. So he decided to rappel off Riverside City Hall, a 123-foot drop down the seven-story edifice at 3900 Main St. …
Read More »National magazines gives nod to Stater Bros.
Stater Bros. Markets Inc. has been named one of the Top 10 best places to shop for groceries by a national consumer magazine. In its July edition, Consumer Reports ranked Stater Bros. the ninth-best grocery store chain in the United States, according to a statement released Wednesday by Stater Bros. …
Read More »High Desert posts solid commercial numbers
The High Desert office market recorded a vacancy rate of 4.2 percent and net absorption of 16,828 square feet during the second quarter, according to Lee & Associates Commercial Real Estate Services. Average lease rates were $1.17 per square foot, according to Dock High, a quarterly newsletter published by Lee …
Read More »Pending home sales fall again
Pending home sale dropped in California for the sixth consecutive month, a possible sign that the state’s housing market might be slowing down, according to data released Monday. The pending home sales index was 117.9 last month, down from 119 in June 2016, a drop of nearly one percent, the …
Read More »Palm Springs bans gas-powered leaf blowers
Less than two years from now, gasoline-powered leaf blowers will be illegal in Palm Springs. The city council passed an ordinance last week banning their use, although electric-powered blowers will still be allowed, according to a statement. The new ordinance is scheduled to go into effect Jan. 19, 2019. Residents …
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