U.S. home prices reached their highest annual gain in nearly 15 years in February, as demand continues to overwhelm supply. Nationwide, the price of a single-family home rose 10.4 percent last month compared with February 2020, the largest year-over-year increase since April 2006, Irvine-based CoreLogic reported today. Home prices are …
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The construction of four hotels in Palm Springs has languished, leaving the city to threaten each developer with legal action if that doesn’t change. All four properties are hurting nearby businesses, according to city officials. Palm Springs already has more than its share of hotels, and it’s trying to …
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The Inland Empire had more large industrial projects in 2020 than any other major North American market, according to CBRE. Approximately 42.5 million square feet of warehouse-distribution projects at least 200,000 square feet were completed in Riverside and San Bernardino Counties last year, CBRE stated in a report declared today. …
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Wingstop, the aviation-themed restaurant that specializes in classic and boneless wings, will set up shop in Moreno Valley. The Dallas-based chain has leased 1,400 square feet at the Towngate Promenade, 12620 Day St., and expects to open this summer, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive represented …
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Capital Income Properties Group of Riverside has completed the sale of an out-of-state fast-food restaurant. The boutique commercial real estate firm represented the seller of a Taco Bell franchise building in Windsor, Colo., according to a statement. The closing price was $2 million. The transaction was completed last month. “Our …
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A 66,000-square-foot commercial building at the Southern California Logistics Airport in Victorville has been sold. Exquadrum Inc., a defense contractor, bought the building for $4.3 million and will use it as its corporate headquarters, according to Stirling Capital Investments in Foothill Ranch, the airport’s master developer. The seller’s name was …
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IE Business Daily Business news for the Inland Empire.
