The Inland Empire multifamily market closed the third quarter with a 95.8 percent occupancy rate, a slight decline from the previous quarter, according to a report. The 0.4 percent drop can be attributed to projects, especially luxury projects, coming onto the market, causing vacancies to rise, CBRE reported. Demand for space …
Read More »San Bernardino low-income housing project breaks ground
Construction has begun on the fourth phase of a public housing development in San Bernardino meant for low-income families and individuals. Alder Square is the latest edition of Arrowhead Grove, a multi-million-dollar reconstruction of Waterman Gardens, a 38-acre housing development at 2634 Copper Lane that began construction in 2012, according to …
Read More »Applicants sought for council seat
Victorville is looking to fill the vacant seat on its city council. The council voted Nov. 5 to appoint someone to replace Debra Jones, who stepped down from the council in August for family reasons, according to a statement on the city’s website. A special election would have cost the …
Read More »Riverside to help SNAP recipients
Riverside is providing $100,000 to residents who need help buying food because of the federal government shutdown. The funds, approved unanimously by the city council Nov. 4, will be distributed by the city and the Salvation Army Emergency Food Access Program to recipients of the Supplemental Nutrition Assistance Program (SNAP), …
Read More »Most Inland residents say they struggle to get by: survey
Most Inland Empire residents aren’t pleased with their present living circumstances and say they are struggling to get by, a pair of recent reports published by UC Riverside have found. Only 41 percent of the people surveyed described themselves as “thriving, according to Building Common Ground Through Data: Insights On …
Read More »Empire region’s manufacturing still shaky
Inland Empire manufacturing continued to struggle in September. The region’s purchasing managers index was 47.3 up slightly from August but still below 50, according to the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. Should the October index land below 50, manufacturing in Riverside and San …
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IE Business Daily Business news for the Inland Empire.