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State unemployment stays down

California’s unemployment rate stayed at 4.1 percent in October, a record low, according to data. State employers added 36,400 non-agricultural jobs last month, bringing California’s job creation total to more than three million since the economic recovery began nearly nine years ago, the state Employment Development Department reported. Year-over-year, California’s …

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Cathedral City apartment complex fetches record price

Presidio Park, a 45-unit apartment community in Cathedral City, has sold for a record price. The property at 69150 Gerald Ford Drive changed hands for $7 million, or $155,556 per unit, according to a statement. The buyer was a private investment group in Riverside, the seller a family partnership in …

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High Desert commercial, property sells

More than 15 acres of prime commercial land in Hesperia has been sold. The four parcels – three at Interstate 15 and Ranchero Road and one at Tamarisk Avenue and Ranchero Road – changed hands for a combined $4.3 million, Progressive Real Estate Partners said in a statement. The first …

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Mortgage delinquencies stay low

Four percent of all U.S. mortgages were in some stage of delinquency in August, according to data. That was a 0.6 percent decrease compared with August 2017, Irvine-based CoreLogic reported in its monthly assessment of nationwide loan performance. “Delinquency” is defined as any loan 30 days or more past due, …

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Norco on the verge of opening off-track horse racing venue

The Derby Room, a sports bar and restaurant, could open as early as next month if it gets approved by the California Horse Racing Board. City officials say such an establishment would fit in perfectly with a community that calls itself “Horsetown U.S.A.” Three years after it looked like a …

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Southwest to run more OIA flights

Starting next June, Southwest Airlines will operate four daily roundtrip flights between Ontario International Airport and San Francisco. At the same time, the airline will add a third daily flight between Ontario International and  Denver International Airport, according to a statement. Both changes are scheduled to begin June 9. “Our …

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