A pizza chain has agreed to lease space at a Fontana shopping center. Round Table Pizza will occupy a 2,700 square-foot building at 10515 Sierra Ave. according to Progressive Real Estate Partners in Rancho Cucamonga, which helped negotiate the transaction. Details of the agreement were not released. The store, expected …
Read More »State grant to fund Riverside jobs program
Riverside has received a $4.4 million state grant it will use to create jobs for local youth. The Riverside Youth Job Corps was introduced May 3 by Mayor Patricia Lock Dawson at news conference at the Bourns Youth Innovation Center, according to a statement. Accompanied by U.S. Deputy Secretary of the …
Read More »State, Inland region housing affordability drops
Housing affordability in California shrunk during the first quarter, the result of record high prices and interest rates. Twenty-four percent of the state’s households could afford the $797,000 median-priced home in the first quarter of this year, down from 25 percent in fourth-quarter 2021 and 27 percent year-over-year, according to …
Read More »UCR receives $1 million grant
UC Riverside has been awarded a $1 million grant to be used to help students on a limited income who are also the first person in their family to attend college. The five-year grant comes from the Kessler Scholars Collaborative, which was started in 2008 at the University of Michigan, …
Read More »PMI stays up, but April report could contain ominous signs
April’s purchasing managers index for Riverside and San Bernardino counties is a mixed bag. The good news: the index for the fourth month of the year was 54.2, a sharp drop from March’s 62.2. but above 50 for the 20th consecutive month, meaning the Inland Empire economy is growing and …
Read More »Report: home prices rise 20 percent
U.S. home prices rose 20.9 percent in March, the 14th consecutive month of double-digit price gains for the country’s housing market. However, that number is expected to slow to around six percent next month, the result of rising mortgage rates and higher home prices, both of which will put buying …
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