For the 11th time in the past year, Palm Springs International Airport has accommodated the most passengers it ever has in a given month. The airport’s passenger count in June was 142,524, a 9.7 percent increase compared with the previous record for June, which it set last year, according to …
Read More »RivCo assessed property values up nearly 10 percent
Assessed property values in Riverside County were up 9.2 percent at the start of this year, the highest increase since the 16 percent spike recorded at the beginning of 2007, according to a statement on the county’s website. That increase, of $31 billion to a total of $369 billion, is …
Read More »Carousel Mall to be torn down
After several months of debate, San Bernardino has decided to demolish Carousel Mall. The city council Wednesday voted 6-1 to level the abandoned downtown shopping mall next to Interstate 215 and begin to look for a demolition company, according to Councilman Juan Figueroa. Councilman Ben Reynoso cast the dissenting vote. …
Read More »IE office market stays strong
The Inland Empire office market had a solid second quarter, with 14,584 square feet of net absorption and nearly 39,000 square feet of construction recorded during that time, according to CBRE. Office vacancy decreased 30 base points to 9.7 percent, the third consecutive quarter-over-quarter vacancy drop for the office market …
Read More »Norco appoints city manager
Lori Sassoon has been appointed Norco’s city manager. Sassoon, Rancho Cucamonga’s deputy city manager of administrative services for the past 10 years, has been formally named to the city’s top non-elected administrative post during Wednesday’s regular council meeting, according to a statement on the city’s website. She will start work …
Read More »State, local homes sales drop
Sales of existing single-family homes in California totaled 334,970 in June, down 8.4 percent from May and 20.9 percent year-over-year, according to the California Association of Realtors. Last month, the median price of a home statewide was $863,790, down four percent from May but up 5.45 percent from June 2021. …
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