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QVC Opens Inland Empire Logistics Facility

QVC Opens Inland Empire Logistics Facility

QVC, the international video and e-commerce retailer, on Monday opened its Ontario distribution center with a ribbon-cutting and grand opening ceremony. The one-million-square-foot facility, QVC’s first distribution operation on the west coast, is expected to create 1,000 jobs by 2020, according to a company statement. The distribution center, which was …

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Distressed Home Sales Continue to Drop

Distressed Sale Continue to Drop

Distressed sales made up 9.6 percent of all home sales in the Inland Empire during May, according to data released Tuesday. That was above the national rate of 8.4 percent, but it also marked the largest improvement of any major metropolitan market in the United States from its distressed sales …

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Project will Combine Logistics, Manufacturing

Affordable Housing Project Approved

An environmental impact report for a proposed warehouse-distribution manufacturing project in Moreno Valley is available to the public. Indian Street Commerce Center, a 446,350-square-foot structure, will be developed by Sares Regis on 19.6 acres of open space on the west side of Indian Street south of Grove View Road, said …

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Inland Empire Homeowners Spending More on their Homes

Inland Empire Homeowners Spending More on their Homes

More Inland Empire homeowners are pulling equity out of their houses and using the money to fix up their houses. Some of the 23 credit unions based in the Inland Empire are issuing more loans that involve home equity, including home equity lines of credit, second mortgages and cash-out refinance …

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Local Home Cash Sales are Flat

Home Cash Sales

Cash sales accounted for 24.2 percent of all home sales in the Inland Empire during May, according to data released Thursday. That was a 0.5 percent year-over-year drop, Irvine-based CoreLogic reported. The Inland Empire was well below the national rate: cash sales accounted for 30 percent of all home sales …

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Inland Empire Foreclosures Flat

Local foreclosures edge down

The foreclosure rate on outstanding mortgage loans in the Inland Empire during June was 0.55 percent, down 0.20 percentage points year-over-year, according to data released Wednesday. Foreclosure activity in Riverside and San Bernardino counties was below the national rate in June, which was 0.95 percent, Irvine-based CoreLogic reported in its …

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