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Inland region adds construction jobs

Inland Empire Economy Benefits from Construction.001

Construction jobs increased three percent in the Inland Empire between November 2012 and November 2013, another sign of economic recovery for the two-county region. An estimated 2,100 construction jobs were added in the Riverside-San Bernardino-Ontario market during that 12-month period, according to report released Tuesday by the Associated General Contractors …

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Inland industrial market expected to stay strong

Economy is Shaken by Legal Issues & Industrial.001

Industrial construction will continue to grow in Southern California during 2014, with much of that activity expected to happen in the Inland Empire, according to a forecast released Monday. About 12.7 million square feet of industrial space is expected to come online in Riverside and San Bernardino counties next year, …

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Warehouse-distribution center finished

Inland Empire Economy Improves Slightly.003

Construction on a 600,000 square foot warehouse-distribution center in Riverside has been completed. The speculative project, at 14600 Innovation Drive, was developed by Newcastle Partners Inc. in San Francisco and is part of Meridian Business Park, according to a statement. The building, on the west side of Interstate 215, has …

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Housing market hits a bump in the road

Inland Empire Economy Improves While Housing Falls.001

Single-family home sales in Southern California fell in November, as potential buyer struggled with higher prices and a shrinking supply of homes on the market. Sales in the six-county region dropped 10.4 percent last month compared with November 2012, according to DataQuick in San Diego. While sales dropped dramatically, the …

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Local foreclosures are down

Inland Empire Economy Improves.002

Home foreclosures in the Inland Empire dropped last month, according to data released last Thursday. There were 2,658 foreclosure filings in Riverside and San Bernardino counties in November, down 5.3 percent compared with October and down 56 percent year-to-year, according to a report originally published in The Press-Enterprise. San Diego …

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Office condos in Corona sell

Inland Empire Businesses Coach Next Generation.002

Voit Real Estate Services recently completed the sale of seven medical and professional condominium office buildings in Corona. The structures, at the Corona Corporate Centre, sold for $18.6 million to 20 separate buyers, according to a statement posted on the Voit website. All of the buildings at the project, which …

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