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Riverside Fire Department earns re-accreditation

Riverside Fire Department

Riverside’s fire department has been re-accredited by the Commission on Fire Accreditation International. That move leaves Riverside one of only five California fire departments with that accreditation, as well as the highest recognition – ISO Class 1 – given out by the state’s Insurance Services Office, according to a statement …

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Inland manufacturing was solid in February

Manufacturing in Inland Empire

Inland Empire manufacturing continued to bounce back in February, posting a purchasing managers index of 52.1. That was the second consecutive month the index was above 50 – January’s index was 54.8  – so if March comes in at 50 or better, manufacturing in Riverside and San Bernardino counties will …

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Class-A Temecula office building sold

Sold Stamp

A Temecula office building has been sold for $13.8 million. The Tower Office Plaza was sold recently by Providence Real Estate Group to Level Asset Capital, a commercial real estate investment firm in Irvine, according to CBRE. “Office sales in the Temecula and Murrieta areas remain strong and are somewhat …

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Macys to close stores

Macy’s Inc. will close 150 underperforming stores, starting with 50 that will be shut down by the end of the company’s current fiscal year next Feb. 1. The move, called the start of a “bold new chapter” by the New York-based department store chain, will leave the company with about …

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U.S. housing market stays healthy

Nationwide housing prices take record jump

The U.S. housing market gained $2.4 trillion between the end of 2022 and the end of last year, according to a study release Feb. 28. The total value of U.S. homes increased 5.3 percent year-over-year, the largest increase in 11 months, and was up 13.3 percent – $5.6 trillion – …

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