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Riverside County to add emergency shelters

Riverside County will develop eight emergency shelters with funding from the American Rescue Plan Act. The $7.6 million project will add 241 shelter beds countywide, a 28 percent increase, according to a statement on the county’s website. The county’s five-year Homeless Action Plan, which the board of supervisors adopted in …

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Industrial market posts negative absorption

CVB Financial reports earnings drop

The Inland Empire’s industrial market recorded 2.7 percent negative absorption in the second quarter, the first negative posting in that category since the fourth quarter of 2008, according to CBRE. Activity remained strong on the east side, where 2,093,363 square feet of space went online, according to CBRE. However, on …

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Report: home price growth slows

U.S. home prices grew only 1.4 percent in May, the lowest year-over-year growth rate recorded in 11 years. May was also the 12th consecutive month that home prices nationwide were slower than the previous month, and the first time since early 2012 that annual growth dipped below two percent, according …

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Riverside gets funding for transportation projects

Riverside gets funding for transportation projects

Riverside has received $38.5 million in state and federal funding that it will use to pay for several transportation projects. On July 6, the California State Transportation Agency announced that Riverside will receive $22 million from the Port and Freight Infrastructure Program to complete the Third Street/BNSF Railroad Grade Separation project, …

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Kaiser adds to its MoVal medical center

Kaiser adds to its MoVal medical center

Kaiser Permanente will soon open a $200 million facility in Moreno Valley. The 93,000-square-foot Diagnostic & Treatment Building is next door to Kaiser’s existing facility at 27300 Iris Ave. and is expected to begin treating patients in mid-August, according to a statement on the city’s website. A ribbon cutting was …

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