-RE business is on fire, the RE office I consult at has hired 10 new folks and leased a second office.
-Foreclosure up the street just sold for $103/sqft (I bought at $95/sqft)
-Apple store has been confirmed @ Mall (Temecula job listing back live on Apple site, interviews started)
-Ruby Tuesday is finishing construction and opening Summer
-Panera Bread construction is starting next month (across from Ruby Tuesday)
-Sonic Burger construction at intersection of Murrieta Hot Springs Rd and Margarita
-Lazy Dog cafe opening summer, across from PF Chang
—-
Yes, there is a lot of pain in the CRE market and there are plenty of vacancies in most of the larger shopping centers but there is also retail and restaurant growth still happening. If this is the kind of expansion and growth during the worst recession, in the “worst housing market” then I can’t wait to see what things will be like when there *is* economic growth or stability.
