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Recent home sales are down nearly 14 percent from a year earlier. Jon Gordon of Rosenthal & Associates explains why realistic pricing and the full cost of ownership will shape the coming desert season.
A proposed option would give developer Kam Sang two years to pursue a 200-room hotel and 26 villas, with financing, golf course changes, and any city contribution still to be resolved.
The landmark resort is being repositioned for luxury travelers and meetings, with a 2027 reopening anticipated and an affiliated company listing a $100 million project cost.
Pacific Retail outlined low-rise housing, new restaurants and a public plaza at a Nov. 12 study session. Council members welcomed the direction while questioning its fiscal impact and how much of the mall’s regional role it would preserve.
The former Palm Valley School campus in Rancho Mirage sold for $14.6 million at a bankruptcy auction in Riverside on Nov. 5 to the Rademaker Trust, a personal trust of the owner of Ontario-based MGR Real Estate, leaving the future of the sprawling educational property an open question.
The Coachella Valley Water District has approved a water agreement reaching nearly six decades into the future, seeking to protect the imported supplies that replenish the region’s aquifer while accepting higher costs and a provision allowing its partner to reclaim water during dry years.
Palm Springs approved a sharply downsized logistics project on Oct. 27, replacing an approved warehouse proposal previously associated with millions of dollars in potential annual sales tax revenue with a last-mile delivery station expected to generate none from its operations. Where have we seen this happen already?
The proposed 87-acre development would combine lagoon-front residences, resort accommodations and a public beach club, creating a new opportunity for visitor spending and hospitality investment within the city.
The Coachella Valley has abundant land for development. What it increasingly lacks is the electrical capacity, infrastructure financing and affordable housing needed to turn that land into functioning communities.