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Jurupa Valley-based logistics company changes hands

Sold Sign

DC Logistics, a third-party logistics company in Jurupa Valley, has been sold. Bonsai Partners LLC, a Carlsbad-based investment portfolio manager, bought DC Logistics recently for an undisclosed sum, according a statement. Founded in 2006, DC Logistics specializes in inventory management and “less-than-truckload” storage. It employs more than 200 people – …

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Deadline for Spirit Award nominees is extended

The deadline to submit nominations for this year’s Spirit of Entrepreneur Awards has been extended for two weeks, to Aug. 15. The awards, given out every fall by the Inland Empire Center for Entrepreneurship at Cal State San Bernardino, recognizes the top entrepreneurs in Riverside and San Bernardino counties. Nominees …

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U.S. mortgages delinquencies decline

Mortgage delinquencies continue to fall

Nearly three percent of all U.S. mortgages were in some state of delinquency in April, a 1.8 percent year-over-year drop, according to data released Monday. Early-stage delinquencies – 30 to 59 days past due – stood at 1.2 percent, up from one percent in April 2021, according to CoreLogic in …

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Piece of La Quinta shopping center sold

Sold Stamp

Part of a retail community center in La Quinta has been sold for $35 million. Milan Capital Management, a real estate investment company in Orange, purchased 154,383 square feet of One Eleven La Quinta Center, according to SRS Real Estate Partners’ Investment Properties Group in Newport Beach. The seller was …

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Beauty retailer to locate in Ranch Cucamonga

A beauty supply retailer plans to open its second Southern California store in Rancho Cucamonga. Beauty4U has purchased a 4,972-square-foot freestanding building across the street from Victoria Gardens, where it plans to locate later this year, according to a statement released Monday by Progressive Real Estate Partners in Rancho Cucamonga. …

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Perris park to get multi-million dollar upgrade

Ontario looks to build a big park

Perris will spend $8.5 million expanding and upgrading 62-year-old Foss Field Park. The money, part of California’s recently passed budget, was part of $300 million secured by State Sen. Richard Roth, and Assemblyman Jose Medina, both Democrats from Riverside, according to a statement on the city’s website. Possible improvements include a …

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