IE Business Daily

10/17/2025

A retail property in Temecula that is home to a Fitness 19 has been sold for $9.8 million.

The sale of the 30,057-square-foot parcel completes a four-parcel break-up strategy that began last year and now totals $26.46 million, according to SRS Capital Markets’ Newport Beach office.

A retail property in Temecula that is home to a Fitness 19 has been sold for $9.8 million.

10/17/2025

Retail sales nationwide dipped slightly between August and September, mostly because of several months of back-to-school spending, according to the National Retail Federation.

Total retail sales, not counting automobiles and gasoline, fell 0.6 percent month-over-month, the Washington, D.C.-based trade association reported.

Retail sales nationwide dipped slightly between August and September, mostly because of several months of back-to-school spending, according to the National Retail Federation.

10/15/2025

New homes that went up for sale nationwide during the four weeks that ended October 5 rose 2.3 percent year-over-year, according to a recent report.

That was the largest increase in more than three months, but it wasn’t enough to get people buying: pending sales dropped 1.3 percent from a year ago, the biggest decline in five months, Seattle-base Redfin reported.

New homes that went up for sale nationwide during the four weeks that ended October 5 rose 2.3 percent year-over-year, according to a recent report.

10/15/2025

The Inland Empire industrial market held steady during third quarter, posting increases in absorption and lease rates and maintaining its second quarter vacancy rate, according to data released Oct. 8.

The region absorbed three million square feet of industrial space during the third quarter, a “strong rebound” from the second quarter, while the average lease rate of $1.09 per square foot was a slight increase quarter-over-quarter, CBRE reported.

The Inland Empire industrial market held steady during third quarter, posting increases in absorption and lease rates and maintaining its second quarter vacancy rate, according to data released Oct. 8.

10/15/2025

An estimated 56,000 home purchases were canceled nationwide in August, according to a report released Oct. 7.

That was 15 percent of the homes that were under contract to change owners, up from 14.3 percent year-over-year, and the highest August cancellation rate since 2017, Seattle-based Redfin reported.

An estimated 56,000 home purchases were canceled nationwide in August, according to a report released Oct. 7.

10/15/2025

Menifee is seeking public comment regarding the planned 10.4-acre Quail Valley Nature Park.

The park, which will be developed in the Quail Valley community near Newport Drive, will include walking trails, interactive play areas, an exercise station, gathering spaces, nature-themed playground equipment, and a gravel parking lot, according to a statement on the city’s website.

Menifee is seeking public comment regarding the planned 10.4-acre Quail Valley Nature Park.

10/14/2025

Palm Springs has paid $5.9 million to survivors and descendants of Section 14, a one-square-mile parcel from which African American and Latino resident were unfairly evicted during the 1950s and 1960s.

10/14/2025

California’s economy is slowing down.

Unemployment is rising, growth has cooled, housing is still too expensive and difficult to build, and energy prices are higher than in most parts of the country, according to Beacon Economics in Los Angeles.

California’s economy is slowing down.

10/07/2025

Pending sales of single-family homes fell one percent nationwide in September, the largest month-over-month drop in five months, according to a report.

Transactions in which the seller has accepted an offer but the sale is not final were down in 30 of the 50 largest metro areas last month, Seattle-based Redfin reported.

Pending sales of single-family homes fell one percent nationwide in September, the largest month-over-month drop in five months, according to a report.

10/07/2025

A 26,000-square-foot manufacturing facility in Corona has been sold for $8.4 million.

The building at 2900 Palisades Ave. is used for making electrical components, according to Voit Real Estate Services.

A 26,000-square-foot manufacturing facility in Corona has been sold for $8.4 million.

10/06/2025

Stater Bros. has promoted three employees to vice president positions.

Mike Crawford has been named vice president of strategic insights and process innovation, Alex Lemos vice president of accounting and Sonia Munoz vice president of employee relations, according to a statement.

Stater Bros. has promoted three employees to vice president positions.

10/06/2025

Benigno “Ben” Sandoval has been named Hemet’s economic development director.

Sandoval, who has been the city’s economic development manager for the past 19 months, has strengthened local businesses and attracted new ones during that time, according to a statement on the city’s website.

Benigno “Ben” Sandoval has been named Hemet’s economic development director.