The Inland Empire office market appears ready to have a solid – but probably not a spectacular – 2026, based on its recent performance. During the third quarter of this year, the Inland region maintained a 5.5 percent vacancy rate, despite a 33 percent decline in leased space compared with …
Read More »Corona shopping center sold
A neighborhood shopping center in Corona anchored by a Ralphs and a Dollar Tree has been sold. Sierra del Oro Towne Centre covers 110,485 square feet at 2621-2721 Green River Road, and is fully occupied, according to Hanley Investment Group in Corona Del Mar. Hanley Investment represented the seller, Cincinnati-based Phillips …
Read More »National housing market slows
The U.S. housing market appears to be losing steam. Homes for sale nationwide rose 5.1 percent in November, the lowest year-over-year increase in nearly two years, according to Redfin in Seattle. New listings rose 0.9 percent, the lowest increase in two months. That’s a sign many homeowners are choosing not …
Read More »Corona shopping center sold
A grocery-store anchored shopping center in Corona has been sold. Sierra Del Oro Towne Centre covers 110,485 square feet at 2621-2721 Green River Road and is fully occupied, according to Hanley Investment Group in Corona Del Mar. Hanley Investment represented the seller, Cincinnati-based Phillips Edison & Company, Inc., owner and …
Read More »Riverside retail building changes hands
A retail building at Orangecrest Plaza in Riverside has been sold for $4.6 million. The structure at 19530 Van Buren Blvd. covers nearly 9,000 square feet and is part of the only grocery-anchored center that serves the Orangecrest community, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive represented …
Read More »Next phase of affordable housing development in Riverside is underway
The second phase of an affordable housing project for low-income families and elderly people is under construction in Riverside. The 209-unit Mulberry Gardens is being developed in the 2500 block of Mulberry Street, on four-acres once used by Cal Fire, according to multiple reports. Eden Housing, a nonprofit in Hayward, …
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IE Business Daily Business news for the Inland Empire.