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Logistics property sells for record price

A Rancho Cucamonga warehouse has been sold, reportedly for the highest price paid this year for an Inland Empire industrial property. The 486,600-square foot building at 9050 Hermosa Ave. sold for nearly $70 million, or $147 per square foot, according to a statement. The buyer was Deutsche Wealth Services, the …

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Achieving Business Growth… It’s Not That Easy!

By Eugene E. Valdez AKA The Loan Doctor™ At least 90% of the CEO’s who hire me as their banking & financing consultant do so because they want to grow and they need bank capital to pull it off. Obtaining financing to achieve growth is one thing, executing and being …

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Walgreens opens lab testing centers

Walgreens, in partnership with North Carolina-based LabCorp, is introducing patient service centers at nine Inland Empire Walgreens. Four of the LabCorp at Walgreens have opened and the remaining five are expected to open by the end of the year, according to a statement released by both companies. Twenty six LabCorp …

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Murrieta gets energy-saving lights

Murrieta has become the first Riverside County city to receive thousands of energy-saving streetlights provided to them by the Western Riverside Council of Governments. The lights, which were installed earlier this month, are retrofitted with LED fixtures that reduce light pollution, improve public safety and save an estimated $60 million …

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Grant goes to Inland group that helps small businesses

The Inland Empire Small Business Development Center has received a grant from the Opus Foundation, the charity arm of Opus Bank. The nonprofit development center, which provides financing and advice to small businesses in Riverside and San Bernardino counties, was one of 20 charities in California, Arizona and Washington to …

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Website addresses unfunded pensions

Riverside has set up a website that will help residents understand how the city is dealing its unfunded pensions and the potential liability associated with them. The city must “address the difference between the current and future resources that exist to cover expenses related to providing retirement benefits for current …

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