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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U.S. home prices will flatten in the third quarter and be down one percent year-over-year by the end of the fourth quarter, a well-known commercial real estate brokerage has predicted. If that forecast holds true, it will be a major reversal from the past few years: aside from a brief …
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California’s housing sales declined for the second straight month in April, as the state’s median price hit an all-time high. Sales of existing single-family homes last month totaled 267,710, down 3.4 percent in March but essentially unchanged from April 2024, according to data released May 19 by the California Association of …
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IE Business Daily Business news for the Inland Empire.
