American Business Bank has opened a loan production office in Corona. Five people are working out of the office at 1250 Corona Pointe Court, said Karen Schoenbaum, the company’s chief financial officer. Riverside County has been a lucrative market for American Business Bank since the Los Angeles-based financial institution opened …
Read More »Home equity rises
Homes with mortgages saw their equity increase by 12.3 percent nationwide during the second quarter, according to data released Thursday. That represented a gain of nearly $981 billion compared with the second quarter of 2017, Irvine-based CoreLogic reported. The average homeowner gained $16,200 in home equity during that time. About …
Read More »Housing community to show first models
A gated community in Corona that will one day accommodate more than 1,600 home will display its first model homes Saturday. Bedford, which is being developed by The New Home Company in Aliso Viejo, is located southwest of the Cajalco Road-Interstate 15 interchange according to a statement released Wednesday. It …
Read More »Riverside logistics building changes hands
A 504,000-square-foot warehouse-distribution facility in Riverside has been sold. Meridian Distribution Center II, which is part of the planned Meridian Business Park industrial project, sold for a reported $52 million, according to a statement released Tuesday. Invesco Real Estate, a global real estate investment firm, bought the project from Sun …
Read More »Entrepreneurs: A Fascinating Group of People!
By Eugene E. Valdez, AKA The Loan Doctor For more than 40 years I have been fascinated with the subject of entrepreneurship and entrepreneurs. I have lent money to them, interviewed them, written about them, consulted and coached them, and I have been one for over 15 years, (Still am!). …
Read More »CSUSB opens facilities for students, faculty
Cal State San Bernardino has opened an on-campus community and dining complex. Coyote Village and Coyote Commons was inaugurated Monday with a ribbon-cutting in the project’s courtyard, according to a statement. Tomás D. Morales, university president, Harry Le Grande, interim vice president of student affairs, Shari McMahan, provost and vice …
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