Palm Springs has decided to close temporarily a park that city officials are calling a health hazard and a menace to public safety. Baristo Park, 296 S. Calle Encilia, is expected to shut down for about six weeks while city officials address problems there, including discarded drug paraphernalia, the dumping …
Read More »Annual SB walk raises $1.2 million to fight cancer
Stater Bros.’ annual Believe Walk, a virtual event for the second year in a row, raised more than $1.2 million to help people battling cancer. Held earlier this month, the money raised will help pay for patients’ transportation to and from appointments, advanced screening, and equipment, financial assistance with rent, …
Read More »ARCO station, convenience store sells for $5.6 million
An ARCO gas station and an AM/PM convenience store in Apple Valley have been sold for $5.6 million. The freestanding project is at Rancherias Road and U.S. Highway 18, an intersection that accommodates more than 36,500 vehicles on a typical day, according to a statement released by Progressive Real Estate …
Read More »CVB Financial reports nearly $50 million in profits
CVB Financial reports nearly $50 million in assets CVB Financial Corp., the parent company of Citizens Business Bank, has reported a net income of $49.8 million for the quarter that ended Sept. 30. That was a slight decline from the second quarter [$51.2 million] and a slight increase from the …
Read More »Sorelle Apartments in Moreno Valley sells for $85 million
A 330-unit apartment complex in Moreno Valley has been sold for $85 million. Tower 16 Capital Partners in San Diego bought the Sorelle Apartments in an off-market transaction, according to a statement released Monday. The seller’s name was not released. This is Tower 16’s seventh purchase of a multifamily property …
Read More »One year later, Apple Valley looks back at Measure O
The proposed one-cent sales tax was to have raised money to increase law enforcement in the High Desert town, but it was soundly defeated. Still planning their next move, Apple Valley officials have been able to keep some of the services they feared having to cut. One year ago, …
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IE Business Daily Business news for the Inland Empire.