Riverside has approved a $2.9 billion budget that will cover the next two fiscal years. The biennial capital improvements program assigns about $1.45 billion to each fiscal year in multiple areas, including public safety, homelessness, affordable housing, infrastructure, road maintenance, and support services, according to a statement on the city’s website. …
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Ontario International Airport is predicting a substantial increase in July 4th passenger traffic this year. An estimated 117,805 air travelers will use the airport from July 2 through July 7, a 10.3 percent increase compared with 2023, according to a statement on the airport’s website. Airlines are offering more than …
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Progressive Real Estate Partners in Rancho Cucamonga has negotiated the sale of a San Gabriel Valley shopping center. The retail strip center at 532-540 N. Azusa Ave. in West Covina sold for $2.4 million in an all-cash transaction, according to a statement posted on Progressive’s website. Progressive represented the seller who …
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Most U.S. renters can’t afford the monthly rent on a median-priced apartment, a report has found. The typical renter household earns about $54,712 a year, 17.3 percent less than is needed to pay the median monthly rental rate of $1,653, according to a study released June 24 by Redfin, a …
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More than 600 warehouse workers at two Smart & Final warehouses have gone on strike, protesting mass layoffs and what they believe are unfair labor practices. Workers at the Riverside and City of Commerce facilities walked off the job June 20 and have remained so this week, according to multiple …
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A 5,000-square-foot parcel in Murrieta that is occupied by a Chick-fil-A has been sold for $6.5 million. The restaurant at 27960 Clinton Keith Road opened in March and has a 15-year ground lease attached to it, according a statement released June 24. SRS Real Estate Partners in Dallas represented the …
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IE Business Daily Business news for the Inland Empire.
