Walgreens will close many of its 8,600 U.S. stores, as the company looks to reorganize. A specific number was not released, but the struggling pharmaceutical company did say it expects to close a “significant” number of underperforming stores, according to a statement released June 27. “We continue to face a …
Read More »Riverside passes budget
Riverside has approved a $2.9 billion budget that will cover the next two fiscal years. The biennial capital improvements program assigns about $1.45 billion to each fiscal year in multiple areas, including public safety, homelessness, affordable housing, infrastructure, road maintenance, and support services, according to a statement on the city’s website. …
Read More »ONT braces for busy July 4th travel
Ontario International Airport is predicting a substantial increase in July 4th passenger traffic this year. An estimated 117,805 air travelers will use the airport from July 2 through July 7, a 10.3 percent increase compared with 2023, according to a statement on the airport’s website. Airlines are offering more than …
Read More »Inland retail broker arranges San Gabriel Valley sale
Progressive Real Estate Partners in Rancho Cucamonga has negotiated the sale of a San Gabriel Valley shopping center. The retail strip center at 532-540 N. Azusa Ave. in West Covina sold for $2.4 million in an all-cash transaction, according to a statement posted on Progressive’s website. Progressive represented the seller who …
Read More »Report: Most renters can’t afford their rent
Most U.S. renters can’t afford the monthly rent on a median-priced apartment, a report has found. The typical renter household earns about $54,712 a year, 17.3 percent less than is needed to pay the median monthly rental rate of $1,653, according to a study released June 24 by Redfin, a …
Read More »Smart & Final workers walk off the job
More than 600 warehouse workers at two Smart & Final warehouses have gone on strike, protesting mass layoffs and what they believe are unfair labor practices. Workers at the Riverside and City of Commerce facilities walked off the job June 20 and have remained so this week, according to multiple …
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IE Business Daily Business news for the Inland Empire.