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Economy

Third-party logistics likes Inland “big-box” space

IE manufacturing

Third-party logistics companies are dominating one sector of the Inland Empire industrial market. Those companies, which businesses hire to handle their supply chain responsibilities, account for nearly 60 percent of all “big-box” transactions in Riverside and San Bernardino counties, according to a report by CBRE. No other U.S. industrial market …

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State housing market stays solid

Sales of existing single-family homes in California totaled 275,540 in April, up three percent from March and 4.4 percent year-over-year, according to a report. Statewide, the median price of a home during the fourth month of the year was $904,210, a 5.8 percent from March and an 11.4 percent increase …

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Empire unemployment rate drops

The Inland Empire recorded a 4.8 percent unemployment rate in April, down from a revised 5.1 percent in March, according to a report. Employers in Riverside and San Bernardino counties added 2,500 non-agricultural jobs last month, with government accounting for 1,500 of those, the state Employment Development Department reported. The …

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Riverside a leading market for investor home sales

Home prices keep growing

Riverside had one of the country’s largest year-over-year increases in investor home sales – 2.4 percent – during the first quarter of this year, according to a recent report. Among major metropolitan markets, that number was surpassed only by Oakland, where investors bought nearly 17 percent of all the homes …

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State exports drop

State exports drop slightly

California’s export trade totaled $15.4 billion in March, a year-over-year drop of 5.3 percent, according to a report released this week. While the state’s exports of agriculture products and raw materials were up slightly, exports of manufactured goods fell 7.4 between March 2023 and March of this year, Los Angeles-based …

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