A four-building industrial park that will come with some rare tax benefits is under construction in Colton. The Colton Commerce Center will cover 182,123 square feet at 2245 W. Valley Blvd, according to JLL, which is marketing the project. Buildings will range from 40,000 to 50,000 square feet, and will be …
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A multifamily development in Fontana has been sold for $6.1 million. CBRE represented the buyer, Cypress Apartments Properties LLC, and the seller, Masters Development LLC, according to a statement released by the real estate brokerage. Built last year, the property has 14 townhouse-style units with an average size of 1,205 square …
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The Inland Empire’s multifamily market ended the first quarter of 2025 with an occupancy rate of 95.7 percent, according to a recent report. That was an increase of 20 basis points compared with the fourth quarter of 2024, and the fourth consecutive quarter that number grew, CBRE reported. That modest …
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A Circle K store and gas station in Coachella has been sold for $3.1 million. Fountainhead Development in Newport Beach, the project’s developer, sold the property to a private investor in San Diego whose name was not released, according to Hanley Investment Group in Corona Del Mar. Hanley Investment represented …
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Adelanto has broken ground on a 22-unit housing tract. Oasis 22 will be developed at Raccoon and Kemper avenues by LNL Investment Group, an LLC based in Irvine, according to a statement on the city’s website. The project was approved in four months. “We are excited to celebrate this achievement, …
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U.S. homebuyers took out 86,604 mortgages for second homes in 2024, a five-percent year-over-year drop, and the lowest number of second mortgages since 2018, a recent report as found. That data includes the purchases of second homes, primary homes and investment properties from 2018 to 2024, according to Redfin, a …
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IE Business Daily Business news for the Inland Empire.
