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Inland unemployment rate falls

Inland unemployment rate falls

The Inland Empire recorded an unadjusted 5.4 percent unemployment rate in September, according to data released last week. That was down from a revised six percent in August, and above the 5.1 percent forecast of one year ago, the state Employment Development Department reported Oct. 18. Those number do not …

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Desert car wash sells for $2 million

Desert car wash sells for $2 million

A Yucca Valley car wash has been sold for $2 million. The Quick Quack Car Wash at 58024 Twentynine Palms Highway was sold by a private investor in Orange County to a private investor in Newton, Pa., according to Hanley Investment Group in Corona Del Mar. Hanley Investment represented the …

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Holiday retail outlook is good, but not great

Holiday retail outlook is good, but not great

U.S. retailers should be looking forward to the 2024 holiday shopping season, because it’s expected to be a solid one. It will not, however, be anything spectacular, if several forecasts ends up being correct. Spending on clothing, toys, gift cards, food and other items is expected to grow between 2.5 …

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Moreno Valley wins League of Cities award

Trophy

Moreno Valley has been recognized by the League of California Cities for its efforts to get city businesses to hire Moreno Valley residents. The city recently received a Helen Putnam Award for Excellence from the league – one of 10 cities to receive that honor – for its Hire Mo-Val …

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Quartet of brokers jumps to CBRE

CBRE Ontario has hired four industrial brokers away from another agency. Nicholas Chang, Richard Lee, Justin Kuehn and Sione Fua, formerly with NAI Capital, have joined CBRE’s Inland Empire office, according to a statement released Oct. 14 by CBRE. Chang and Lee have both been given the title senior vice …

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State home sales drop despite favorable interest rates

State home sales continue to decline

Sales of existing single-family homes in California during September totaled 253,010, down 3.4 percent from August but up 5.1 percent year-over-year. Statewide, the median home price last month was $868,150, down 2.3 percent from the previous month but up 2.9 percent from in September 2023, the California Association of Realtors …

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