The Inland Empire multifamily market posted a solid second quarter. Occupancy was 96 percent, a 50-basis point increase compared with the first quarter, and the highest occupancy since the first quarter of 2025, according to CBRE. Recently delivered communities helped the market stabilize, CBRE reported. Net absorption totaled 1,048 units, …
Read More »Vacation-home purchases rose in 2025
Second-home purchases made a comeback in 2025. The number of second-mortgages secured last year rose 4.1 percent year-over-year, the first annual increase in four years, according to Seattle-based Redfin. Mortgages for primary homes rose one percent in 2025 after rising two percent in 2024. “Vacation homes are making a modest …
Read More »Apartment complex sold
A 50-unit multifamily development in Rialto has been sold for $12.2 million. Cambria Villa Apartments cover 43,000 square feet on a 103,700-square-foot site, according to CBRE. Built in 1985, the property at 1531 W. Rialto Ave. features one and two-bedroom units that cover an average of 887 square feet. amenities …
Read More »Empire retail market has decent second quarter
The Inland Empire retail market bounced back during the second quarter, recording 31,000 square feet in net absorption after 483,000 square feet of negative absorption during the second quarter, according to CBRE. The west end – Ontario, Rancho Cucamonga, Corona – accounted for 400,000 square feet of that recovered space, …
Read More »PREP negotiates bowling alley sale
Progressive Real Estate Partners in Rancho Cucamonga has negotiated the sale of a former bowling alley in the San Gabriel Valley. Trumark Homes in San Ramon sold the 1950s-era Covina Bowl to Los Angeles-based Starlight Union for $2 million, according Progressive. Starlight Union designs and remodels residential and commercial properties. …
Read More »State housing market has a strong June
Statewide sales of existing single-family homes rose for the third consecutive month in June, according to the California Association of Realtors. Year-over-year sales totaled 279,880 during the sixth month of the year, an increase of six percent percent compared with one year earlier, the association reported. That number is seasonally …
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IE Business Daily Business news for the Inland Empire.