A 19-unit apartment complex in Riverside has been sold. The Corwin Apartments at 5755-5580 Corwin Lane were sold recently for $2.8 million, according to CBRE. Information about the buyer and seller was not released. CBRE represented both parties in the transaction. Built in 1964, the complex features one-bedroom, one-bathroom and …
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The Inland Empire office market recorded 9.5 percent vacancy during the fourth quarter of 2023, a year-over-year increase of little more than one percent, according to data released Monday. Despite that, “the Inland Empire office market has upheld robust market fundamentals by catering to its primarily local population,” which has …
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A proposed national monument near Joshua Tree National Park has one desert city preparing for battle. The Chuckwalla National Monument would cover approximately 660,000 acres in Riverside and Imperial counties, from the east end of the Coachella Valley to the Colorado River near the Arizona border. Besides providing some Coachella …
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Inland Empire manufacturing gave itself some breathing room in January. The region’s purchasing managers index was 54.8 last month, a substantial improvement from the 49.6 index recorded in December, according to data released Feb. 1. More important, January ended three consecutive months of indexes below 50, the Institute of Applied …
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Andrew Espinoza Jr. has been named Barstow’s interim city manager. The Barstow City Council on Jan. 16 voted unanimously to appoint Espinoza while a national search is conducted for a permanent replacement, according to a statement on the city’s website. Espinoza replaces Willie Hopkins, who recently left the High Desert city …
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Valentine’s Day spending is expected to reach $25.8 billion this year, including $14.2 billion spent on “significant others,” according to the National Retail Federation. “Retailers are ready to help customers this Valentine’s Day with meaningful and memorable gifts,” said Matthew Shay, the federation’s president and chief executive officer, in the …
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IE Business Daily Business news for the Inland Empire.
