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Starbucks properties sold

Sold Stamp

Two properties occupied by Starbucks, one in Cathedral City and another in Temecula have been sold for a combined $7.3 million. The 1,900-square-foot parcel at Highway 111 and Date Palm Drive in Cathedral City was sold for $3.7 million to a private investor in Northern California, according to SRS Real …

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Economist takes second look at Inland economy

Inland Empire economy braces for 2025

At the start of this year, there was reason to be optimistic about the Inland Empire economy. As of November, the region’s unemployment rate was 5.3 percent, according to the state Employment Development Department. That was a respectable number, and close to the four to five percent range that most …

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Report: state commercial developers concerned about the economy

economy

Thirty six percent of California developers are delaying, or have cancelled, commercial real estate projects due to higher construction costs and concerns about global trade, a study has found. Eighty five percent say they’re more cautious about commercial development in the state because of supply chain disruptions, and 44 percent …

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Estrada called to active duty

Estrada called to active duty

Menifee Mayor Ricky Estrada, a member of the U.S. Air Force Reserves, has been called to six months of active duty overseas. Mayor Pro Tem Bob Karwin will take over the city’s mayoral duties when Estrada’s deployment begins in October, according to a statement on Menifee’s website. “During my deployment …

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Ramos to lead Beaumont PD

Christopher Ramos

Christopher Ramos has been named Beaumont’s chief of police. A 24-year law enforcement veteran, Ramos began work as the department’s top administrator July 16, according to a statement on the city’s website. Ramos was most recently a captain with the department and, before that, was its first administrative sergeant. He …

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Inland retail market bounces back

IE retail post negative net absorption

The Inland Empire retail market recorded 6.8 percent space availability during the second quarter, unchanged from the first quarter and a sign the marketing is stabilizing after a period of volatility. Net absorption was 31,000 square feet, not a large number but a strong reversal compared with the revised 483,000 …

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