ZM Trucks, a maker of zero-emission commercial trucks, will open its first North American manufacturing plant in Fontana. The company has leased a 210,000-square-foot building at 10271 Almond Ave., where it will produce zero-emission products, including electric commercial trucks, terminal tractors, and airport ground service equipment, according to a statement released …
Read More »Gas station-convenience store-car wash is sold
A Mobil gas station, convenience store and car wash in Colton have been sold for $5.2 million. Purchase of the facility at 130 W. Valley Blvd. included the businesses and the property they’re located on, according to Progressive Real Estate Partners in Rancho Cucamonga. Buyer and seller are both Inland …
Read More »ABB to hold stock repurchase
American Business Bank has announced a stock repurchase program, the first in its history. The bank’s board of directors has approved a buyback of up to 227,541 shares, or 2.5 percent, of its issued and outstanding common stock, according to a statement. The shares may be repurchased in the open …
Read More »Moreno Valley Dutch Bros sold
A Dutch Bros Coffee drive-thru in Moreno Valley has been sold for $2.6 million. The 950-square-foot restaurant at 23140 Hemlock Ave. was built last year, according to Hanley Investment Group in Corona del Mar. Hanley Investment Group represented the seller and developer, Evergreen Devco Inc, in Glendale, in the ground …
Read More »Fontana will use grants to upgrade homes
Fontana has received $3.5 million that it will use to help low-income seniors upgrade their homes. The city will get $2.5 million from its Older Adult Modification program, which pays for home improvements that make a residence safer and more functional, according to a statement on the city’s website. Besides …
Read More »State housing market has solid finish to 2024
Statewide sales of existing single-family homes totaled 268,180 in December, essentially unchanged from November and up 19.8 percent compared with December 2023, according data released Jan. 17. December’s statewide median home price was $861,020, up 1.0 percent from November and up 5.0 percent from December 2023, when the median price …
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