Home ownership continued to be out of reach for most Californians during the second quarter of 2025. Only 15 percent of the state’s households could afford the $905,680 median price of a single-family home during that time, down from 17 percent in the first quarter and up from 14 percent …
Read More »
A 328-unit multifamily development in Redlands has been sold for $148.4 million. The Venue at Orange was sold by LuxView Properties in San Diego to Sentinel Real Estate Corp. in Australia, according to Institutional Property Advisors, a division of Marcus & Millichap. LuxView developed the project, which was completed two …
Read More »
The future site of a Dutch Bros, drive-thru in Riverside has been sold for $2.8 million. A 1,025-square-foot building is under construction on a half-acre parcel at 4990 Van Buren Blvd., according to Hanley Investment Group in Corona Del Mar. The property, which is next to a Walmart Supercenter and …
Read More »
Two properties occupied by Starbucks, one in Cathedral City and another in Temecula have been sold for a combined $7.3 million. The 1,900-square-foot parcel at Highway 111 and Date Palm Drive in Cathedral City was sold for $3.7 million to a private investor in Northern California, according to SRS Real …
Read More »
The Inland Empire retail market recorded 6.8 percent space availability during the second quarter, unchanged from the first quarter and a sign the marketing is stabilizing after a period of volatility. Net absorption was 31,000 square feet, not a large number but a strong reversal compared with the revised 483,000 …
Read More »
A third-party logistics company has renewed its lease on a building in Perris. GPS Logistics & Warehouse will remain in the 205,589-square-foot building at 100 Walnut Ave. for 65 months, according to Avison Young’s Inland Empire office. Financial terms of the agreement were not disclosed. Avison Young represented the landlord, …
Read More »
IE Business Daily Business news for the Inland Empire.
