IE Business Daily Business news for the Inland Empire.
Five recently constructed retail buildings at Eastvale Marketplace, a grocery-anchored shopping center, have been sold. All five structures are approximately 57,000 square feet each, with one home to a Smart & Final Extra, according to a statement released by Hanley Investment Real Estate Advisors, a division of Hanley Investment Group, …
Read More »Water board lowers level of two chemicals
The State Water Resources Control Board has said it will reduce the levels of two chemicals in drinking water that can cause serious health problems. The member board has established 10 parts per trillion for perfluorooctanoic acid [PFOA] and 40 parts per trillion for perfluorooctanesulfonic acid [PFOS], according to a …
Read More »Riverside apartment complex sells for $2.3 million
A 15-unit apartment complex in Riverside has sold for $2.3 million. The Lakritz Family Partnership LP in Orange bought the Kansas Apartments, 3332 Kansas Ave., from a private investor, CBRE said. That investor, whose name was not released, owns multiple properties in the area. The building is in the center …
Read More »Home prices keep rising
Home prices rose four percent in December compared with one year earlier, as housing prices continue to rise in virtually every part of the country, according to data. “Moderately priced homes are in high demand and short supply, pushing up values and eroding affordability for first-time buyers,” Frank Nothaft, CoreLogic’s …
Read More »Moreno Valley puts homeless to work
A Moreno Valley program designed to put homeless people to work is apparently having some success. Homeless-to-Work, a partnership between the city, the Salvation Army and Waste Management, has gotten 53 people off the street and back into the workforce since it started in 2017, according to a statement on …
Read More »Inland Empire tops the list of largest U.S. warehouse deals
The closest market is 10 million square feet behind Riverside and San Bernardino counties, according to a report. The Inland Empire was the heavyweight champion of large warehouse-distribution center lease deals in 2019. Twenty one of the 100 largest industrial transactions in the United States last year happened in Riverside …
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