The Inland Empire office market has gotten off to a decent start in 2024, thanks to short-term leases that have helped keep vacancy rates low. The region’s 8.8 percent vacancy rate during the first quarter was essentially unchanged from the third quarter of 2023, mostly because many large tenants signed …
Read More »
A 20,000-square-foot shopping center in Corona has been sold. Pacific Petroleum Inc. bought Main Street Village from LJZ Corona LLC for $7.8 million, according to a statement released April 16 by CBRE. Main Street Village is at 135-265 E. Ontario Ave. Built in 2005, its tenants include Mr You Chinese, …
Read More »
Developer-Church Partnerships Blaze New Path for Needed Housing, Stronger Communities California’s latest innovation in tackling the surging crisis in affordable housing streamlines the process for building on underutilized church land – a practice pioneered by National CORE. Senate Bill 4, known as the Affordable Housing on Faith Lands Act, allows …
Read More »
For most people, 2023 was a bad year to buy a house in California. Fewer than one in five Californias earned enough money in 2023 to buy an $813,980 median-priced home, down from slightly more than one in five the previous year, according to a study released April 11. Based …
Read More »
Fontana multifamily project Vasari at Ventana has been named the top multifamily project of its kind in the Inland Empire for 2024 Inc. CoStar Group Inc. The first phase of the high-end development consists of 257 luxury units, the first part of what will be a 101-acre planned community in …
Read More »
A retail property in Desert Hot Springs has been sold for $6.1 million. The 33,000-square-foot site at 13000-13160 Palm Drive is occupied by a multi-tenant shop building and two nearby offsite pads, one of which is occupied by Chase Bank, according to Progressive Real Estate Partners in Rancho Cucamonga. The …
Read More »
IE Business Daily Business news for the Inland Empire.
