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Inland manufacturing stumbles

Inland Empire manufacturing

The Inland Empire’s manufacturing sector took a step backward in April. After three consecutive months that indicated growth, the region’s purchasing managers index fell to 46.9 last month, down from 59.2 in March, the Institute of Applied Research and Policy Analysis at Cal State San Bernardino reported recently. March’s index …

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Logistics project breaks ground

Ground has been broken on a 334,048-square-foot logistics facility in Fontana. The project, at the southwest corner of Banana and Santa Ana avenues, is being developed by Birtcher Development in Newport Beach and is expected to be completed in early 2024, according to a statement. Students from Southridge Tech Middle …

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So Cal home market has decent March

Southern California’s median home price in March was $705,000, a 2.1 percent year-over-year drop. Despite that decline, five of six counties had their median price rise between the second and third month of the year: San Bernardino (1.1 percent), Orange (3.6 percent), Los Angeles 4.4 percent, San Diego (5.2 percent),  …

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Retail site fetches $3.2 million

Sold Sign

A retail pad in Beaumont occupied by a Sherwin-Williams paint store has been sold for $3.2 million. The 4,000-square-foot property is at 1495 East 2nd Street next to San Gorgonio Village, a 78,000-square-foot shopping center, according to Woods Development Co., the project’s developer and now the former owner. Information about …

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Coffee drive-thru sells for $1.9 million

Sold Stamp

A drive-thru coffee restaurant in Beaumont has been sold for $1.9 million. Dutch Bros. Coffee Drive-Thru opened April 28 at Highland Springs Avenue and 8th Street and was sold the next day, according to Hanley Investment Group Real Estate Advisors in Corona del Mar. Hanley Investment represented Evergreen Development, the …

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