Economic Development

The City of Moreno Valley, just east of Riverside, Calif., in Southern California’s Inland Empire submarket, has been growing rapidly and will continue to do so. Moreno Valley’s population has consistently grown by 5 percent every year, according to Melissa McClain, the city’s management assistant of economic development. There are more than 7,000 single-family and multifamily homes in the current pipeline — and those residents will soon be seeking out additional retail options. A few of the city’s premier shopping centers have changed hands recently, allowing these properties to undergo …