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SBA loan used to buy hotel

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A veteran of the hospitality industry has bought the Holiday Inn Express in Temecula. Lipsa Patel purchased the franchise hotel at 27660 Jefferson Ave. for $11.3 million, according to a statement. Patel, who has been in the hotel and restaurant business for more than 25 years, bought the facility with …

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Kaiser Permanente to apply for Murrieta campus

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Kaiser Permanente is moving closer to developing a campus in Murrieta. Officials with the large healthcare provider are preparing to submit a formal application to the city in June, according to a report originally published in The Press-Enterprise. Murrieta officials have also advertised for proposals from consulting firms that might …

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More wine country?

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Guidelines for the expansion of the Temecula Valley Wine Country could soon become reality. The Riverside County Board of Supervisors is scheduled vote on the plan during its regular Tuesday meeting, according to a report originally published in The Press-Enterprise. The Temecula Valley Wine Country Community Plan, which has been …

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Mall’s play area gets sponsor

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The children’s play area at Moreno Valley Mall will get a new look in the form of a corporate sponsorship. Raceway Nissan in Riverside has signed a three-year deal that will rename the play area Raceway Nissan Play Area, according to a statement. Besides the name change, the automobile dealership …

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Just how good are jobs in the logistics industry?

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The Inland Empire is loaded with them and many of them pay well, but there’s disagreement about whether they’re a gateway to the middle class. Without question, the Inland Empire is the warehouse-distribution capital of the western United States, if not the entire country. About 113,000 residents of Riverside and …

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Safeway and Albertsons merger agreement announced

Safeway and Albertsons to Merge

Safeway and Albertsons announced in a statement, a definitive agreement under which AB Acquisition LLC will acquire all outstanding shares of Safeway. Safeway shareholders are expected to receive total value estimated at $40 per share. The merger agreement was unanimously approved by the Board of Directors of Safeway. Albertsons’ Chief …

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