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. …
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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 …
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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, …
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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 …
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Willow Townhomes, a 39-unit multifamily building in Ontario, has been sold for $17.4 million. The new project at 221 N. Mountain Ave., was sold to a foreign investor whose name was not released, according to a statement. CBRE represented the seller, 221 N. Mountain Ave. Holding LLC, in the transaction. …
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A Riverside property occupied by a Raising Cane’s restaurant has been sold for $6.8 million. The 1.3-acre parcel at 4100 Central Ave. was sold to a Southern California developer whose name was not released, according to SRS Real Estate Partners in Newport Beach. The seller was a Washington developer who …
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IE Business Daily Business news for the Inland Empire.
