๐Ÿ—ž๏ธ Riverside News- December 3, 2025

Advisors guide investments, La Sierra endowment for foster youth...

Vibrant coral and purple clouds illuminate the evening sky above Mount Rubidoux, framed by silhouetted trees and flowering plants at Evergreen Cemetery. (Michelle) Have a photo that captures the spirit of Riverside? Share it with us and help celebrate the beauty of our community!

Wednesday Gazette: December 3, 2025

Hello Riverside, and Happy Wednesday! 2025 is wrapping up so quickly โ€“ we've crafted a very brief survey to collect your thoughts on Riverside's happenings this year and your predictions for 2026. We would be delighted if you took a moment to answer a few questions.

Take the Year-end Survey (just a few questions!)


COMMUNITY

Riverside Financial Advisors Guide Clients Through Local Commercial Real Estate Investment

Tricord Advisors partners with commercial real estate experts to educate community on smart property investment strategies.

TriCord Advisors' Jeremiah and Laura Lee (left) and Stance Commercial Real Estate's Joe and Heidi Stance (right) discuss commercial real estate investment strategies at a Nov. 12 workshop at Victoria Country Club. (Courtesy TriCord Advisors)

TriCord Advisors hosted a commercial real estate workshop linking financial planning with Riverside investment opportunities that national investors often miss.

Why it matters: If you're a Riverside business owner or investor, you may be overlooking commercial property in your own backyard โ€” where office vacancy sits at just 5% (lowest in the nation) and local knowledge creates advantages over outside capital.

By the numbers:

  • 30% of TriCord clients own commercial real estate
  • 95% office occupancy (5% vacancy โ€” lowest nationally)
  • $2.39 per square foot average office lease rate

What's happening: The Nov. 12 event at Victoria Country Club brought together local business owners and property investors to explore how commercial real estate fits comprehensive wealth planning, including tax benefits and multi-generational estate strategies.

The big picture: National retailers overlook Riverside based on outdated data, but Fleming's Steakhouse breaking ground at The Mark downtown signals changing demographics and rising household incomes are attracting attention.

Be smart: TriCord's fee-based model means advisors aren't selling products โ€” they're evaluating whether holding or selling commercial property aligns with your retirement and estate goals.

What's next: TriCord hosts "Building Wealthy Habits," a weekly financial discussion series open to clients and community members.

Read and share the full story... (3 min. read)


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HIGHER EDUCATION

La Sierra University Launches $2 Million Endowment for Foster Youth

The Home@LaSierra fund aims to provide debt-free college education to young people aging out of the foster care system.

La Sierra University President Christon Arthur speaks at the "An Autumn Night's Reade" fundraising event on November 13, where the university launched a $2 million endowment campaign to provide debt-free college education for foster youth. (Photo courtesy La Sierra University)

La Sierra University launched a campaign to create an endowment covering full college costs for foster youth, raising $70,000 at its November kickoff event.

Why it matters: Riverside County provides no state funding for foster youth services after age 18, leaving many facing homelessness or incarceration when they age out of the system.

What's new: The Home@LaSierra Endowment would give foster youth access to private university education with comprehensive support, building on Riverside's recent success reaching "functional zero" for youth homelessness.

By the numbers:

  • $2 million fundraising goal
  • $70,000 raised at launch event
  • 94 young people housed by the city over two years

What they're saying: "On this campus, they can actually be at home," said Michelle Wohl, deputy director of Riverside County Public Social Services.

What's next: Fundraising gala planned for October 14, 2026, at the Riverside Convention Center. The Pacific Union Conference contributed $10,000 as the first major donor.

Read and share the full story... (2 min. read)


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Noteworthy

Riverside Public Library's free Read Around Riverside program invites adults to log 500 minutes of reading December 5โ€“January 2, earning raffle tickets for prizes while discovering local libraries and connecting with fellow readers.

UCR researchers found that increasing ethanol content in gasoline from 10% to 40% could reduce greenhouse gas emissions by up to 46%, offering a pathway to cleaner fuel without requiring new vehicle technology.

Twenty RCC students toured Historically Black Colleges and Universities across the East Coast during a weeklong trip led by counselors, with many participants traveling outside California for the first time to explore academic pathways and connect with HBCU communities.

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