JC Penney has sold 119 stores, including three in the Inland Empire, in a transaction worth nearly $1 billion. Onyx Partners, Ltd., a Boston private equity firm, bought the department stores for $947 billion, according to multiple reports. Stores at the Galleria at Tyler in Riverside, Victoria Gardens in Rancho …
Read More »Chino company devotes all of its time and skill to one brand of plane
Navion Customs LLC at Chino Airport is one of approximately 3,700 businesses in the United States licensed by the Federal Aviation Administration to repair and restore airplanes. It’s also one of the few – and maybe the only – domestic operation that works exclusively on one plane: the single-engine, four-seat …
Read More »ONT approves new operating agreement
Ontario International Airport has approved a lease that will be a blueprint for future expansion and development. The 132-page document replaces a use-and-lease agreement adopted in 1999, when Ontario International was owned by Los Angeles World Airports, according to a statement on the airport’s website. Los Angeles World Airports – …
Read More »U-Haul repair facility closes
After 54 years in business, a U-Haul repair shop in San Bernardino is closing its doors. The facility at 891 S. Arrowhead Ave. which opened in 1971, laid off 37 employees last month after suspending all repair and maintenance work, according to a statement released July 23 by U-Haul. The …
Read More »ONT has record June
Ontario International Airport just recorded its best June ever. 659,787 passengers passed through Ontario International last month, a 1.1 percent increase from June 2024 according to a statement on the airport’s website. The airport’s previous June record was set in 2007, when 653,000 travelers flew in and out of Ontario …
Read More »Entrepreneurship Center changes name, looks to hit major milestone
The Randall W. Lewis Center for Entrepreneurship at Cal State San Bernardino is closing in on a major achievement: generating $1 billion in economic impact in the Inland Empire. Since it was founded in 1999, the center – recently renamed for the executive vice president of the Lewis Group of …
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IE Business Daily Business news for the Inland Empire.