The Inland Empire office market absorbed 60,548 square feet of space during the third quarter, enough to drop the region’s vacancy rate half a point, to eight percent. Most of that space was added in Riverside, where 26,503 square feet was added during the quarter that ended Sept. 30, according …
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A three-tenant retail building in Riverside has been sold for $5.8 million. The 6,300-square-foot building, which was built four years ago, sits on a one-acre parcel at 22430 Van Buren Blvd. next to Interstate 215, according to Hanley Investment Group in Corona Del Mar. Tenants include Chipotle Mexican Grill with …
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Sales of existing single-family homes in California are expected to reach 304,400 units in 2025, a 10.5 percent increase compared to the 275,400 units predicted for this year, according to the California Association of Realtors. Median home prices are forecast to climb 4.6 percent to $909,400 in 2025, following a …
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A two-tenant retail parcel in Murrieta that was built last spring has been sold for $5 million The property, which is occupied by Verizon Wireless and a drive-thru Chipotle Mexican Grill, sold for $975 per square foot, according to SRS Real Estate Partners in Newport Beach. That is the most …
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A 44-unit apartment complex in Riverside has been sold for $10.1 million. The five-building Ramona Oaks Apartments are located at Ramona Drive and Olivewood Avenue next to the 91 Freeway and near UC Riverside and Riverside City College, according to a CBRE statement. CBRE represented the buyer, WeJ&J LLC, and …
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Sales of existing single-family homes in California totaled 262,050 in August, down 6.3 percent month-over-month but up 2.8 percent year-over-year, according to data released Tuesday. Statewide, the median price of a single-family home was $888,740, up 0.2 percent from July and up 3.4 percent in August 2023, when the median …
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IE Business Daily Business news for the Inland Empire.
