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IE industrial: inventory, lease rates both up

The Inland Empire industrial market continued to sizzle during the second quarter, its inventory rising to 622 million square feet following new deliveries. At the same time, vacancy stayed below one percent for the fifth consecutive quarter, a sign that the industrial sector’s “explosive growth” is not slowing, according to …

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ONT to host International conference

ONT nearly back to pre-pandemic passenger levels

Ontario International Airport will co-host a three-day gathering this week of aviation industry leaders from around the world. The 2022 SMART Airport & Regions Conference, one of aviation’s largest and most prestigious gatherings, is scheduled to begin July 18 at the Ontario Convention Center, according to a statement on the …

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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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