A proposed merger of CVB Financial Corp. in Ontario and Heritage Commerce Corp. in San Jose, has been approved by the shareholders of both institutions. First announced in December, the goal is to merge Heritage Commerce Corp “with and into CVB Financial Corp.,” according to a statement on CVB Financials’ website. …
Read More »Barrett to the leave PSP
Harry Barrett Jr. is stepping down as Palm Springs International Airport’s executive director. Barrett, who has held that post since 2022, is leaving to become assistant director of Sacramento County’s Department of Airports, according a statement on Palm Springs’ website. Barrett, who joined the airport in 2020 as its deputy director …
Read More »Monthly apartment rentals rise slightly
Apartment rents rose slightly nationwide in March, according to a report released March 31. The average monthly rent was $1,723, a 0.2 percent increase compared with the $1,719 average recorded in February, Apartments.com reported. March was the fourth consecutive month rent growth went up, a trend that follows flat or declining …
Read More »Two car wash properties sold
Two Quick Quack Car Wash properties in San Bernardino County have been sold for a combined $5.2 million. Both facilities were built recently and have a 20-year ground lease attached to them, according to Hanley Investment Group in Corona Del Mar, which negotiated for the sellers in both transactions. The …
Read More »Moreno Valley completes semi-annual fire inspections
Moreno Valley has completed the first of its two annual inspections meant to lower the risk of wildfires within the city. The Spring Fire Hazard Reduction Program was held March 23-27, according to a statement on the city’s website. Any property in violation will receive a notice by March 30, …
Read More »Build-to-rent community opens
A community of 180 rental-only single-family homes has opened in southwest Riverside County. Tricon Winchester, which covers 67 acres near Domenigoni Parkway and Prairie Loop Road, is a combination of three and four-bedroom floor plans ranging from 1,532 to 1,858 square-feet, according to a statement released by Tricon Residential, the …
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IE Business Daily Business news for the Inland Empire.