George Frahm has been named president of Stater Bros. Markets. Frahm, who began working for Stater Bros. 45 years ago as a clerk’s helper and janitor, will assume his new responsibilities Monday, according to a statement released by the company. He will report to Stater Bros.’ Chief Executive Officer Pete …
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Gerry Bomotti has been named UC Riverside’s chief financial officer and vice chancellor for planning and budget. Bomotti, who has spent more than 30 years in senior executive roles at U.S. public universities, is scheduled to begin his new job Feb. 1, according to a statement on the school’s website. …
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Average multifamily rent in the United States was $1,359 in December, the same as November but a year-over-year increase of 2.5 percent, according to data released this week. Even though last year’s rental growth was the lowest since 2010, that growth is expected to continue this year because of strong …
Read More »The Inland Empire had nearly 558 million square feet industrial space operating in the fourth quarter of last year, up from 536 million square feet one year earlier, according to data released Wednesday. Another 20.7 million square feet was under construction, Newmark Knight Frank reported in its fourth quarter survey …
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By Tim Kolacz I was in one of my networking groups yesterday, IE Business Doctors, and I had a great conversation with Bob Spence and John Tulac. The three of us were continuing a discussion we were having during the meeting regarding China and Russia and how these two countries …
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A mixed-use property in Old Town Temecula has been sold. Cameron Historical Building, a combination of 24 affordable-housing units and three ground-floor retail units, sold for $4.8 million, according to a statement released by Avison Young. The seller was Cameron Properties Inc. in Covina, which was represented by Avison Young’s …
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IE Business Daily Business news for the Inland Empire.
