A 227-unit apartment complex in Moreno Valley has been sold. Mediterranean at Towngate sold for nearly $28 million, according to a statement released by CBRE. TruAmerica, a Los Angels-based company that renovates and repositions multifamily properties, was the seller. The buyer was New Standard Equities, a real estate investment and …
Read More »Riverside industrial project completed
Construction of a 504,000-square-foot warehouse-distribution building in Riverside has been completed. Meridian Distribution Center II occupies 27 acres at 22000 Opportunity Way, near Interstate 215 and Van Buren Boulevard, according to a statement released Monday by Newcastle Partners, the project’s developer. The building is part of Meridian Business Park, a …
Read More »U.S. economy adds more jobs than expected
The U.S. economy added 200,000 non-agricultural jobs in January, according to data released Friday. That was a higher jobs increase than expected – Bloomberg had predicted a jump of approximately 180,000 – and average hourly earnings were up nearly three percent year-over-year, the U.S. Bureau of Labor Statistics reported. Unemployment …
Read More »Palm Springs Airport ups traffic count
More than 2.1 million people traveled to and from Palm Springs International Airport during 2017, a 5.1 percent increase compared with 2016, airport officials announced. A number of events, including the Palm Spring International Film Festival, Modernism Week and the Coachella Valley Music & Arts Festival have all helped bring …
Read More »Upland resident takes up the battle against homelessness
Eric Gavin, coordinator of the Upland Community Restoration Team, is determined to rid the city of one of its biggest problems: homelessness. “We’re going to try to eliminate all of it,” said Gavin, who runs a computer software business, Open Door Technology, out of his Upland home. “I think we …
Read More »SB County looking for citizen input
San Bernardino County wants to hear from resident, businesses and property owners in 22 of its smallest communities. The effort is part of the Countywide Plan and Community Plan Continuum, in which people are asked their opinions of their neighborhoods and how they believe those areas can be improved, according …
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