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City to replace bridge

Bridge Construction

Moreno Valley will replace the bridge at Moreno Beach Drive and the 60 Freeway, a 50-year-old structure built by the California Department of Transportation. Construction is expected to begin this summer and be completed in early 2023, according to a statement on the city’s website. The Moreno Beach Drive project …

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CVB Financial announces merger

Piggy Bank

CVB Financial Corp. in Ontario, the parent company of Citizens Business Bank, and Suncrest Bank in Visalia have announced they will merge. Suncrest, a growing commercial bank with a diverse loan portfolio, will merge into Citizens in a stock and cash transaction valued at about $204 million, or $16.18 per …

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Coachella Valley dental building changes hands

Sold Spelled in Tiles

A dental office building in Palm Desert has been sold for $4.3 million. The property, at 72415 Park View Drive, consists of a 9,257 square-foot building that sits on 1.5 acres, according to CBRE. CBRE represented the buyer, Wilson Meade Commercial Real Estate in Rancho Mirage represented the seller. Both parties …

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Moreno Valley shopping center, adjacent property sold

Sold Stamp

A Moreno Valley shopping center has been sold for $8.3 million. Lakeshore Village Marketplace at 23575 Sunnymead Parkway was sold by Lakeshore Holdings LLC to a Southern California private investor whose name was not released, Newmark Knight Frank announced today. Newmark represented the seller. Multiple offers were submitted on the …

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IE manufacturing slows a little, but is still healthy

Manufacturing in Inland Empire

Inland Empire manufacturing continued to expand in July, continuing a trend of steady growth ongoing for nearly one year. The region’s purchasing managers index was 60.7 last month, according to data released today by the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. That was the …

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Water conference returns

Southern California Water Conference returns to Ontario

After one year as a virtual event, the annual Southern California Water Conference is returning to Ontario. This years’ event is scheduled to be held from 8 a.m. to 1 p.m. Aug. 13 at the Doubletree Hotel in Ontario, 222 N. Vineyard Ave. The Building Industry Association of Southern California …

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