E-commerce returns this year could total $66.7 billion, a 45.6 percent increase compared with the average amount compiled during the last five years, according to data released last week. That would mean more stress for retailers, many of whom are having enough problems dealing with supply chain, CBRE said in …
Read More »
Vacancy and lease rates likely will be flat during the next 12 months, and don’t expect to see many office buildings under construction. The big issue, like everywhere else, will be how many people return to the office after working at home during the pandemic. As the new year approaches, …
Read More »
Ontario International Airport expects to handle more than 271,000 passengers during the upcoming holiday travel season. If that prediction is accurate, it will be 93 percent of the traffic count Ontario International compiled during the 2019 Christmas season, the year before COVID-19 hit, according to a statement released by the …
Read More »
Walter Marquez has been named Fairplex’s chief executive officer and president. Marquez, who has held both positions on an interim basis for nearly one year, was appointed Wednesday by the Los Angeles County Fair Association’s board of directors, according to a statement on the Fairplex website. He is the sixth …
Read More »
The Apple Valley Town Council conducted its annual reorganization Wednesday, naming Kari Leon mayor and Art Bishop mayor pro tem. Both will server in those largely ceremonial positions in 2022. Leon thanked the council for the appointment and also expressed gratitude to outgoing Mayor Curt Emick for his service as …
Read More »
The Inland Empire labor market has replaced 185,600 jobs since April 2020, the month when the local employment market reached its lowest ebb following the onset of COVID-19, according to a study released this week. Though still below its pre-pandemic peak by 37,600 jobs, that is a recovery rate of …
Read More »
IE Business Daily Business news for the Inland Empire.
