Twenty seven percent of California households could afford the median price of a single-family home – $720,490 – during the first quarter of 2021, a 35 percent year-over-year drop, the California Association of Realtors reported Tuesday. An annual income of $131,200 was needed to make monthly mortgage payments of $3,280, based …
Read More »Mortgage delinquencies rise
Five point seven percent of all U.S. mortgages were delinquent in February, according to data released this week. That number, which represents multiple stages of delinquency, was a 2.1 percent increase from February 2020, Irvine-based CoreLogic reported. Early stage delinquencies – 30 to 59 days past due – were at …
Read More »Third-party logistics company to locate in Perris
A third-party logistics company has leased a 400,000-square-foot industrial building in Perris. Kenco Logistics Services will serve multiple clients out of the building at 1301 Harley Knox Blvd., according to a statement released Tuesday. The structure, which includes 4,650 square feet of office space, is part of the Perris Gateway …
Read More »Stater Bros. to build Ontario store
Stater Bros. has announced plans to build a store in Ontario, its fifth in the city. The supermarket will be built “from the ground up” and will anchor The Collection Shopping Center at the southeast corner of Fourth Street and Haven Avenue, according to a statement released today. The store …
Read More »Southwest begins Las Vegas flights from Palm Springs
Southwest Airlines began non-stop service from Palm Springs International Airport to Las Vegas on Sunday. Announced in March, the service will first operate once daily on Thursdays, Fridays, Sundays and Mondays, according to a statement on the Palm Springs website. In June, the service will shift to seven days a …
Read More »Riverside distributor converts trucks to refrigeration
A food wholesaler is adding 53 all-electric refrigerated trailer units to the fleet at its Riverside distribution center. United Natural Foods Inc. is removing the diesel-operated trucks from operation and retrofitting them to all-electric technology, leaving the vehicles with zero emissions, according to a statement released Wednesday. Each truck’s refrigeration system …
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IE Business Daily Business news for the Inland Empire.