Energy, Real Estate, Capital Markets Cole Sperry Energy, Real Estate, Capital Markets Cole Sperry

California ordered 6 gigawatts of new power for data centers. The Inland Empire makes almost none of its own.

Citrus Belt Review: A PJM trade group told the eastern grid this month that the generation shortage is over — more than 130 GW of developers have raised their hands to build for data centers, and the only thing missing is signed contracts and transmission. Run that logic through the Inland Empire and it inverts. The corridor doesn't have a generation glut waiting on buyers. It has barely any generation at all.

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The tariff refunds are flowing to whoever held the import-of-record line — which in the IE often isn't the tenant

Citrus Belt Review: Customs is widening the refund portal for the IEEPA tariffs the Supreme Court struck down, and the money is real — but it travels by a rule that cuts against how the IE's distribution economy actually imports. Only the importer of record gets paid. In a region built on outsourced logistics, that party is frequently not the company that ate the cost.

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A national factory revival is a warning the Inland Empire reads backward

Citrus Belt Review: U.S. manufacturing just posted its strongest month in four years, and the reason it happened is the reason it should worry the corridor: factories are stockpiling inputs ahead of war-driven price spikes and shortages — inventory that has to be stored somewhere, and the Inland Empire is where the country stores things.

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Energy, Real Estate Cole Sperry Energy, Real Estate Cole Sperry

Soda Mountain's approval signals the IE desert is becoming California's battery yard

Citrus Belt Review: In April, state regulators greenlit a roughly $700 million solar-and-storage project on 2,670 acres of San Bernardino County desert — up to 300 megawatts of solar paired with 300 megawatts of battery storage. It's the latest sign that the Inland Empire's clean-energy story isn't about generating power for itself so much as becoming the place California builds the storage its grid increasingly runs on — even as new state fire rules raise the bar on every battery that goes in.

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National rail is surging on freight the Inland Empire doesn't run on

Citrus Belt Review: The Association of American Railroads reported a 7.8% jump in rail traffic this week, the kind of number that reads as a logistics recovery. Disaggregated, it's a carload story — grain, metals, autos — and the corridor's actual rail input, the import container, is having a quieter year than the headline suggests.

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Real Estate Cole Sperry Real Estate Cole Sperry

Riverside County FAIR Plan policies jumped 509% in four years as insurers pulled back from wildfire risk

Citrus Belt Review: California homeowners face the nation's steepest projected premium hike in 2026, but the deeper signal in the Inland Empire is where people are buying coverage. Riverside County's policy count on the state's insurer of last resort rose 509% between September 2021 and September 2025 — from 9,364 to 57,026, the steepest four-year climb among California's large counties.

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Real Estate, Manufacturing Cole Sperry Real Estate, Manufacturing Cole Sperry

IE warehouse vacancy hit 7.8% as big tenants moved out, but Q1 leasing jumped 45%

Citrus Belt Review: Inland Empire industrial vacancy rose to 7.8% in the first quarter as four tenants each vacated more than a million square feet — but the headline number lags the demand underneath it. CBRE data shows leasing volume jumped 45.5% over the prior quarter to 22.3 million square feet, the strongest sign yet that occupiers are still committing to the region even as the vacancy rate climbs.

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Real Estate, Capital Markets Cole Sperry Real Estate, Capital Markets Cole Sperry

Sleep Number bankruptcy puts its Inland Empire store cluster in play

SupplyChainBrain: Sleep Number's Chapter 11 filing and forced 26-day sale put the fate of its nine-store Inland Empire retail cluster — Redlands, Riverside, Rancho Cucamonga, Corona, Menifee, Hesperia, Montclair, Chino Hills, and Temecula — in the hands of a Canadian buyer, even as the company pledges to keep as many locations open as it can.

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Capital Markets, Real Estate Cole Sperry Capital Markets, Real Estate Cole Sperry

Tariffs are hitting Inland Empire construction where it's already weakest

Citrus Belt Review: A third of California's commercial real estate developers say they've delayed or killed projects over construction costs and trade tension — and in the Inland Empire, that cost shock is landing on a building market already running at a decade-low pipeline with more than 50 million square feet of empty warehouse space. The national story is that tariffs squeeze contractor margins. Here, they decide whether the project happens at all.

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