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Consumer spending slows

Inland Empire Business News May 21st.001

Despite recent job growth, U.S. consumers are behaving cautiously. Spending was down 0.3 percent in June, the weakest showing since February when cold weather throughout much of the country put a damper on spending, the Commerce Department said Tuesday. The June drop followed a one percent increase in May, although …

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Health club up for sale

LA Fitness in Inland Empire Sells Locations

LA Fitness in Lake Elsinore is up for sale. The facility, at 18550 Dexter Ave., opened in 2008 and is available for $13.9 million, according to CBRE Group Inc., which is marketing the property. The club, which is next to Interstate 15, covers more than 45,000 square feet and sits …

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Traditional stores still lead back-to-school shopping

Inland Empire Business News May 21st.001

The Internet is apparently putting a slight dent in back-to-school shopping. About 85 percent of all back-to-school purchase are expected to happen at brick-and-mortar stores, according to a recent survey of 1,000 consumers by the International Council of Shopping Centers. Seventeen percent of those surveyed said they plan to buy …

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Inland aviation company makes the most out of failed government program

Aviation Company Comes to IE

Threshold Aviation Group in Chino would have provided the aircraft used to investigate High Ice Water Content (HIWC), a natural phenomenon and major contributor of the 2009 Air France crash that killed 228 people. Then the federal government pulled its funding. Last week, the cockpit from a 14-seat Gulfstream jet was loaded onto a truck at …

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SB office building is back on the market

Inland Empire Business News.001

A local commercial real estate brokerage has been hired to market a long-vacant office building in San Bernardino. The two-story building in the SBD Corporate Center is owned by the Inland Valley Development Agency and was last used by the U.S. Defense Department as an accounting office, said Rick Lazar, …

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Commercial project on the market

Inland Empire Businesses Coach Next Generation.002

A mixed-use office and commercial project in Upland is up for sale. Stewart Plaza, a nine-acre development on North Mountain Avenue, is available for $24.5 million, according to CBRE Group Inc. The property, at North Mountain Avenue and Arrow Highway, consists of seven buildings on nearly 123,000 square feet of …

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