Riverside had one of the largest increases in pending home sales – 1.3 percent – of any major city in the United States during the four-week period that ended March 2, according to a report. Other major metros that experienced major year-over-year increases in that category included Los Angeles (8.5 …
Read More »Six Inland industrial properties ready for occupancy
Dedeaux Properties, a Commerce-based real estate development and management firm, has acquired certificates of occupancy for six industrial properties in the Inland Empire. The projects include a 167,000-square-foot warehouse in Ontario, a 326,000-square-foot warehouse in Riverside, a 165,000-square-foot high-velocity distribution center in Fontana, a 53,000-square-foot cross-dock facility in Perris, a …
Read More »Demolition begins on Menifee site of abandoned commercial project
The Krikorian Entertainment Complex in Menifee is being torn down before it was ever competed. The project, which was under construction but abandoned not long after the pandemic began five years ago, was declared a public nuisance in June by the city council. Demolition of the dilapidated structure began Jan. …
Read More »Palm Springs master planned community sold
Nearly 120 new homes are on the way in a 20-acre master-planned community in Palm Springs. SunCal, a real estate developer that specializes in master-planned communities, sold 119 home lots in Escena Palm Springs to Toll Brothers, a developer of luxury homes, according to a statement. Cost of the transaction …
Read More »State housing market struggles in January
High mortgage rates, and the wildfires that wreaked devastation on much of Southern California, are being blamed for a drop in the state’s housing market during the first month of 2025. Sales of existing single-family homes totaled 254,110 in January, down 10 percent from December and down 1.9 percent year-over-year, …
Read More »San Bernardino project sells for $6.7 million
A multi-tenant commercial project in San Bernardino has been sold for $6.7 million. The 44,290 square-foot “flex center” at 165 E. Hospitality Lane is part of the Tri City Commercial Hub/Hospitality Lane District, one of the Inland Empire’s most popular commercial centers, according to Progressive Real Estate Partners in Rancho …
Read More »