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Business Archives
The IE's growth machine is down to one engine
Citrus Belt Review: California shrank for the first time in three years. The IE still grew — but only where houses went up, and only in one of its two counties.
IE home shoppers skip the rental hedge spreading through coastal markets
Citrus Belt Review: Zillow's dual-shopper data puts the Riverside metro at 6.1% — affordable-market behavior paired with a coastal-sized cost gap.
Inland Empire set to open 12 hotels this year, with 54 more in early planning
Lodging Econometrics: The IE is the only California market in the national top five for hotel development, with 5,266 rooms in early planning at the end of Q1.
UCR plans for 35,000 students while CSUSB cuts its way to balance
Citrus Belt Review: The UC system is betting its statewide growth on Riverside. Cal State San Bernardino, drawing 88% of its students from the corridor, is closing an $18 million hole.
Premier, Penwood buy two Rialto Amazon warehouses for $270M
DO Capital breaks ground on 250-acre District at Jurupa Valley
Why the data-center fight hasn't reached the Inland Empire
Citrus Belt Review: The IE core has no hyperscale proposals and no bans — because the binding constraint is power, and so far it's kept the fight 75 miles east. The tell: a Riverside company drove past its own home market to build six data centers in Coachella.
IE industrial vacancy climbs to 8.5%, more than double the 10-year norm
Cushman & Wakefield: Vacancy rose another 50 basis points in the first quarter — the warehouse glut that defined 2025 hasn't cleared yet.
The IE apartment market spent four years going from "no marketing needed" to a fight for every lease
Citrus Belt Review: Apple Maps just opened up to ads, and apartment-marketing trade press is treating it as the next channel. The more telling local story: the IE has quietly flipped from a market where units leased themselves to one where Class A communities compete hard for renters — and a new ad channel is a symptom of that, not the cause.
IE home prices are softening, but buyers haven't pulled back
Citrus Belt Review: The headline number — medians down across both counties — reads like a slump. The number underneath it says otherwise: people are still buying at last year's pace or faster, even as prices dip. That's a balancing market, not a contracting one.
Redlands Mall comes down after 15 years empty — with no new plan for what replaces it
Community Forward Redlands: A new owner is clearing the downtown site under the old environmental review, but hasn't filed its own redevelopment plan — the sixth owner since 2000 to inherit the question of what goes here.
Inland Empire apartment rents rose more than 0.3% in May, best May in three years
Tri Pointe opens two neighborhoods at Canyon Hills Heights in Lake Elsinore
Tri Pointe Homes: Harmony and Serene, the builder's two new single-family neighborhoods inside the Canyon Hills masterplan, opened May 16.
NewMark Merrill signs 11 tenants at Victorville's Desert Sky Plaza II, hits 85% pre-leased
ConnectCRE: The 297,363 sf High Desert center is nearly leased out before a July groundbreaking, with Ross, Five Below, Target and Burlington anchoring.
Riverside posts the fourth-highest all-cash home share in the country
Demolition begins on the Ontario warehouse lost to fire
Ontario airport starts the clock on a fourth terminal
IE Business Daily: ONT BOLD — a fourth terminal, a six-story garage, and full upgrades to the two existing terminals — clears its first hurdle. The buildout could run 10 years or more.
The Inland Empire is one of the most foreclosure-exposed big markets in the country
Citrus Belt Review: Filings here hit one in every 811 properties — nearly double the national rate — while a $600,000 median and 66%-of-wages cost burden squeeze buyers. The equity cushion is what keeps it a normalization story, not a 2008 repeat.
Orel Hershiser Chevrolet takes over M.K. Smith Chevrolet in Chino
Champion Newspapers: The Dodgers legend's dealership group buys a Chino fixture operating since 1941.
PCCP and Alliance Residential buy a Riverside complex for $65.3M
Connect CRE: A 2023-built, 184-unit garden-style community trades in a submarket the buyers are betting on for long-run demographic demand.