Western Real Estate Business

OCT 2018

Western Real Estate Business magazine covers the multifamily, retail, office, healthcare, industrial and hospitality sectors in the Western United States.

Issue link: https://westernrealestatebusiness.epubxp.com/i/1037966

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Page 41 of 56

C ompetitive, successful companies looking to expand their brand know there is one place in Southern California that consistently beats the rest – the City of Moreno Valley. Location, Location, Location Moreno Valley is only an hour away from Los Angeles, Orange and San Diego counties and less than three hours to Nevada, Arizona and Mexico. We are home to Costco, Pottery Barn Warehouse, West Elm Outlet, SuperTarget, Home Depot, Macy's, Burlington, TJ Maxx/HomeGoods, Ulta and BevMo. 200 nationally recognized and boutique restaurants offer distinctive dining experiences, like BJs Restaurant and Brewhouse, Portillo's, Outback Steakhouse, Woody's Brewhouse and Mountain Mike's Pizza. Our restaurant chains outperform the national average by as much as 25.6 percent. We have 3 hotels under construction – Residence Inn by Marriott, Holiday Inn Express, and Fairfield Inn and Suites – with more in development. Growth beyond compare Our population of 210,000 is booming, and our annual growth rate is 5.04%. 2.3 million people live in a 20-mile trade radius. Our average household income is $74,823. 21,000 households are above $75,000. We have created 17,000 jobs in the last 5 years. Residential construction is adding additional new housing opportunities with more than 7,000 single and multi-family units under construction or in development. Three colleges (University of California, Riverside, Cal Baptist University and Moreno Valley College) attract more than 40,000 students. In total, 44 universities and community colleges educate more than 225,655 undergraduates within 50 miles of Moreno Valley. Riverside University Health System Medical Center (headquarters for Riverside County's hospital system, based here in Moreno Valley) and Kaiser Permanente are both expanding their facilities to meet strong regional demand. Vast transportation network Transportation corridors State Route 60 and Interstate 215 offer same-day access to all parts of California, Nevada, Arizona and Mexico. Moreno Valley's March Inland Port Airport is ideal for air cargo and private corporate flights, while passengers may choose from five international airports within an hour's drive. Accelerating opportunities through incentives Our Go MoVal Strike Team of City representatives stands ready to assist businesses with all needs as they happen. Time is money. Our concierge service assists businesses through each stage of the development process. And our unparalleled plan check turnaround time consistently beats other agencies in the region. Hottest Market in Southern California At 4,500 businesses strong, Moreno Valley is home to regional headquarters and major facilities for Fortune 500 and international companies including ALDI Foods, Skechers USA, Floor & Décor, Harbor Freight Tools, Lowe's Home Improvement, O'Reilly Automotive, Ross Dress For Less, Serta Mattress, Sherwin Williams and Walgreens. Moreno Valley's ideal location, business friendly atmosphere and motivated workforce are why so many Fortune 500 and international companies have made it their home. Contact us to find out what we can offer you. 951.413.3460 | edteam@morenovalleybusiness.com | www.morenovalleybusiness.com

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