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Holiday shopping season off to a solid start

Record sales for holiday retail

Nearly 180 million people shopped during the five-day Thanksgiving weekend, according to data released last week. Starting Thanksgiving Day and ending Cyber Monday, 179.8 million U.S. shoppers made in-store and online purchases, according to the National Retail Federation in Washington, D.C. That exceeded the trade association’s prediction for the start …

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Newmark completes Fontana leases

Dermody signs Eastvale tenant

Two industrial lease agreements in Fontana that total more than 530,000 square feet have been completed. Newmark’s Ontario office represented both tenants in the negotiations, according to a statement released by the company. The first transaction involved Communications Test Design, Inc., a full-service, global engineering, repair and logistics company that …

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Inland Empire represented at infrastructure bill signing

Fontana Mayor Acquanetta Warren recently traveled to Washington, D.C., to attend President Biden’s signing of the $1.12 trillion infrastructure bill. Warren was invited to help represent small to medium-sized cities, according to a statement on the city’s website. Warren participated in several planning sessions while the bill was being put …

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Golf course sells for $4.6 million

Cross Creek Golf Club in Temecula has been sold for $4.6 million. The transaction includes both the golf course and the business entity associated with it, Progressive Real Estate Partners in Rancho Cucamonga announced Tuesday. Progressive marketed the property near Interstate 15 and represented the seller, ANB Enterprises, a private …

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CVB Financial gets green light to acquire Suncrest Bank

Ontario-based CVB Financial Corp. has received federal and state approval for its acquisition of Suncrest Bank in Visalia. While several closing conditions remain, the regulatory approval by the Federal Deposit Insurance Corp. and the California Department of Financial Protection and Innovation means both financial institutions will likely merge on or …

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City accepting applications for art loan program

Moreno Valley is again accepting applications from local artists who wish to have their work displayed in city facilities next year. The art loan program will place “family-friendly” works in the city council chamber, library and several other city-owned locations. “Moreno Valley is full of gifted artists, and over the …

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