Riverside Public Utilities has closed down the city’s oldest electric substation. The Magnolia substation, located between the Central Avenue off-ramp of the eastbound 71 Freeway and a set of railroad tracks, had been providing power to Riverside residents since November 1949, according to a statement on the city’s website. All …
Read More »Bank has solid quarter, year-to-date
AltaPacific Bancorp reported $1.3 million in net income, or 22 cents per share, for the second quarter of this year. The financial institution also had a year-to-date income of $2.4 million – 39 cents per share – as of June 30, according to the company’s second quarter report, which was …
Read More »Pair of San Bernardino retail properties sells
Two retail buildings at the University Town Center in San Bernardino have been sold for a combined $3.7 million. One property, at 4304 University Parkway, sold for $1.7 million to a private investor in Temecula whose name was not released, according to Progressive Real Estate Partners in Rancho Cucamonga, which …
Read More »Mortgage delinquencies continue to decline
Four point two percent of all mortgages in the United States were in some state of delinquency during April, according to data released Tuesday. That was a slight decline compared with April 2017, when 4.8 percent of all mortgages, including foreclosures, were at least 30 days past due, Irvine-based CoreLogic …
Read More »Juice It Up to open Riverside location
Juice It Up, the smoothie and raw juice bar chain, will hold a grand opening Saturday in Riverside. The restaurant, at 19069 Van Buren Blvd., will feature 50 percent off all items for the entire event, which is scheduled to be held from 10 a.m. to 2 p.m., according to …
Read More »Community college buys land for possible expansion
Mt. San Jacinto College has closed escrow on an 80-acre parcel in Wildomar that it will likely use for expansion. The property, located near Interstate 15 along part of Clinton Keith Road, was previously owned by the Riverside County Regional Park and Open Space District, according to a statement. The …
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