Higher interest rates are affecting the economy, including the local industrial market, according to several local brokers. Neither is predicting a disaster, just a slower-than-normal year. Despite rising interest rates and threats of a recession, the Inland Empire industrial market performed extremely well in 2022. During the third quarter, …
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Manufacturing in the Inland Empire declined for the second consecutive month in November, according to data released last week. The region’s purchasing managers index for the next-to-last month of the year was 49.6, just below the 50 benchmark that determines if manufacturing is growing or receding, according to the Institute of …
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Actress Cate Blanchett will receive the Desert Palm Achievement Award at next month’s Palm Springs International Film Festival. Blanchett is being recognized for her performance in Tár, the story of orchestra conductor Lydia Tár released in October, according to statement on the city’s website. “Cate Blanchett is truly one of …
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U.S. Secretary of Education Miguel Cardona spoke at the sixth White House Initiative Latino Regional Economic Summit, held last month at Cal State San Bernardino. More than 300 people attended the event, which was the last in a series of gatherings sponsored by the Biden Administration that began last spring …
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Progressive Real Estate Partners has helped negotiate the $4.4 million dollar sale of a San Diego County retail center. The Rancho Cucamonga brokerage marketed the property in Carlsbad and represented the seller, a New York-based investor whose name was not released, according to a statement by Progressive. Information regarding the …
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A record 196.7 million people shopped during the Thanksgiving weekend, according to a report released Tuesday. That figure, which includes online and traditional “brick-and-mortar” shopping, was a year-over-year increase of nearly 17 million consumers, the National Retail Federation reported. It was also the busiest Thanksgiving weekend – Thanksgiving Day through …
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IE Business Daily Business news for the Inland Empire.
