RaincrossSquare.com v1.0: Archives from November 2003 to June 2014.
Despite overall home sales being down in December 2005 from a year earlier in Southern California (30k vs. 28k or minus 4.5%), numbers provided by DataQuick Information Systems show Riverside and San Bernardino counties continue to buck local trends with sales increases of 16.5% (6,305) and 5.7% (4,580) respectively. Along with the sales increase has…
Although million-dollar homes within Inland Southern California are nothing new, the increasing number of them on the market is growing quite rapidly. In the past, most million-dollar homes were typically single-built, custom homes. Nowadays, it’s not uncommon to see new tract-built homes selling for upwards of $750,000+. Naturally, as home prices toward the coast rise,…
Thanks to tens of thousands of retirees, most of whom flocked to the area during the 1960s through the 1980s, Hemet once had one of the highest savings account averages in California: … Because of the large number of retirees who move to Hemet — with their savings accounts — the town has 24 savings…
Just east of Temecula in southwestern Riverside County lies a cluster of vineyards and wineries collectively referred to as Temecula Valley Wine Country. Though not nearly as well-known as California’s famous Napa Valley nor even the Central Coast vineyards of Santa Barbara County (which garnered prominent recognition in “Sideways“), Temecula’s Wine Country nonetheless is an…
A handful of plans currently in the works will reshape downtown Riverside and, for the first time in a long time, include serious mixed-use development with an emphasis toward residential uses. The projects, which include a mix of condos, townhomes, lofts, commercial, and arts uses are expected to begin taking shape throughout 2006. Each will…
Can a reborn shopping center inject new life into an older suburban neighborhood? Indeed it can as witnessed with the recently rebuilt Riverside Plaza. Opened as an outdoor shopping plaza in three phases between June 1956 and September 1957 and enclosed during a 1983/84 renovation, Riverside’s first mall-like center has now come full-circle with its…
It’s that time of year again when downtown Riverside’s historic Mission Inn is aglow with millions of holiday lights and hundreds of animated figures. Each year, the crowds get a little bit bigger and the lights a little bit brighter as visitors stroll the downtown pedestrian mall, the tiny shops and boutiques, and streets surrounding…
Planners from Riverside and Orange counties are in the midst of an 18-month study to determine the best way to relieve commuter congestion between housing-rich Riverside and jobs-rich Orange. As it stands now, only two roads link the two counties: 91 Riverside Freeway and Highway 74 (Ortega Highway). Of these, the 91 is the primary…
It appears life as a mall is about to end for downtown San Bernardino’s Carousel Mall — formerly Central City Mall. A buyer has agreed to take control of the 72-acre property with plans for replacing the aging retail center with a more vibrant mix of condos, apartments, offices, and shops. Opened in 1972, Central…
Three recently released reports by commercial real estate brokerage CB Richard Ellis Inc. says that, although housing remains big within Inland Southern California, both the commercial and industrial sectors are doing brisk business as well. All together, the reports indicate 34 million square feet of on-going construction activity in retail, office, and industrial projects within…
