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U.S. retail has solid January

IE retail post negative net absorption

Nationwide retail sales posted a strong year-over-year gain in January – 5.4 percent – despite a letdown following a better-than-expected holiday shopping season. Total retail sales, not counting automobiles and gasoline, were down one percent between November and December, according to data compiled by the Retail Monitor for CNBC and …

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ONT lands international carrier

ONT keep high bond ranking

Starlux Airlines will begin service between Ontario International Airport and Taiwan this spring. The Taipei-based carrier is scheduled to start flights to and from both destinations on June 2, according to a statement on Ontario International’s website. The nonstop flights will operate four times a week, on Monday, Wednesday, Friday …

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State export trade has OK December

State exports up

California’s export trade was valued at $14.9 billion in December, essentially unchanged from one year earlier. During the same 12-month period, state exports fell to $166.072 billion from $167.724 billion, and California’s percentage of national exports – nine percent – was also effectively the same year-over-year, according to Beacon Economics …

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Car wash property sells for $2.7 million

Car wash property sells for $2.7 million

A retail parcel in Grand Terrace occupied by a Quick Quack Car Wash has been sold for $2.7 million. Del Mar-based 5th Street Development sold the property at 22181 Barton Road to a Pasadena developer, according to Hanley Investment Group Real Estate Advisors in Corona Del Mar. Hanley Investment represented …

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Inland manufacturing doesn’t stay down long

IE manufacturing

Inland Empire manufacturing roared back to life in January, posting a purchasing managers index of 56.5 amid an across-the-board surge of new orders, production expansion, inventory growth and employment. That performance came one month after the region posted an index of 42.5, well below 50, the dividing line for determining …

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