Bed Bath & Beyond will close 149 more stores, the latest reductions in an ongoing attempt by the company to avoid bankruptcy. Nine California stores, including one in Beaumont in Riverside County, are among those that will be shuttered, according to multiple reports. The announcement came one week after the …
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Only 17 percent of California households could afford a median-priced home – $790,020 – during the last quarter of 2022, according to a study released this week. That was an 18 percent drop from the previous month and a 25 percent decline from the last three months of 2021, the …
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The Inland Empire office market during the last three months of 2022, held steady with few move-outs and much leasing. The two-county region recorded 77,041 square feet of positive net absorption and a vacancy rate of 8.6 percent, a quarter-over-quarter gain and decline, respectively, according to CBRE. While those two …
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The San Bernardino County Transportation Authority has received $18.8 million in state funding that will help pay for the West Valley Connector Bus Rapid Transit program. Announced recently by Gov. Gavin Newsom, the grant is part of more than $1.3 billion in state funding that will help pay for capital …
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The Riverside County Board of Supervisors has agreed to a pay raise for workers in the county’s In-Home Support Services program. The agreement, which must still be approved by the state and members of the United Domestic Workers, calls for three straight years of pay increases for members of that …
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U.S. single-family home prices grew 6.9 percent in December, the lowest rate of year-over-year growth since the summer of 2020, a report released today stated. That slowdown is being blamed primarily on high mortgage rates and general pessimism about the economy’s immediate future, according to CoreLogic in Irvine. Despite a …
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IE Business Daily Business news for the Inland Empire.
