The U.S. housing market gained $2.4 trillion between the end of 2022 and the end of last year, according to a study release Feb. 28. The total value of U.S. homes increased 5.3 percent year-over-year, the largest increase in 11 months, and was up 13.3 percent – $5.6 trillion – …
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A 22-acre residential rental community has opened in La Quinta. SolTerra Luxury Rental Homes consists of 131 three or four-bedroom single-family homes, according to a statement. The project broke ground in January 2022 and took about two years to complete. The one-and two-story houses include large open floor plans, two-bay …
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A 17,360-square-foot industrial building in Ontario has been sold for $3.4 million. The multi-tenant structure at 1804-828 E. Elma Court has 13 fully-occupied units, according to 36th Street Partners, the El Segundo-based industrial investment firm that purchased the property. Built in 1982, the building sits on 1.3 acres in a …
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Federal Trade Commission has filed a lawsuit that seeks to block a proposed merger of the Kroger and Albertsons supermarket chains. Attorneys for the agency filed the suit Feb. 26, a move that was joined by eight states and the District of Columbia, according to multiple reports. The two grocers – …
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A former Palm Spring resort has been sold for $4.7 million. Tuscany Manor was sold to a private buyer who plans to convert the property into an apartment complex, according to CBRE. CBRE represented the seller, Dr. Steven Bein, a retired dentist, and the buyer, whose name was not released. “The …
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Restoration of The Plaza Theatre in Palm Springs isn’t scheduled to start until next month, but a company has already been selected to manage daily operations at the historic downtown structure once it returns to business. Oak View Group, owner and operator of the 11,000-seat Acrisure Arena in Palm Desert, …
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IE Business Daily Business news for the Inland Empire.
