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Mixed-use project in Rancho Cucamonga gets financing

Inland multifamily market has strong fourth quarter

Financing has been arranged for a planned mixed-use development in Rancho Cucamonga. Marcus & Millichap Capital Corp. has secured $64 million for the construction of a multifamily, retail and commercial project at 8500 Haven Ave., according to a statement. The financing took six months to arrange. Los Angeles-based Parkview Financial, …

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Hemet promotes Sandoval to Economic Development Director

Benigno “Ben” Sandoval

Benigno “Ben” Sandoval has been named Hemet’s economic development director. Sandoval, who has been the city’s economic development manager for the past 19 months, has strengthened local businesses and attracted new ones during that time, according to a statement on the city’s website. “Ben’s energy and relentless efforts to drive …

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Stater Bros. announces executive promotions

Stater Bros. has promoted three employees to vice president positions. Mike Crawford has been named vice president of strategic insights and process innovation, Alex Lemos vice president of accounting and Sonia Munoz vice president of employee relations, according to a statement. All three appointments became official Sept. 29, the day …

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Hospital announces major expansion

CSUSB street medicine program receives grant

Riverside Community Hospital has announced a $912 million expansion that will include an 11-story tower for patients and a parking garage. The tower will cover 459,496 square feet and will include labor and delivery, postpartum and antepartum, a pharmacy, radiology, and an endoscopy suite, according to a hospital statement. It …

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CSUSB Palm Desert honors former President Ford.

CSUSB to host research conference

Cal State San Bernardino’s Palm Desert campus has set up a chapter of the Gerald R. Ford Presidential Fellows Program, one of four chapters in the country and the only one in California. The program named for the 38th president of the United States promotes civic engagement, ethical leadership and …

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High Desert retail building sells for $1.9 million

A multi-tenant retail building in Yucca Valley has been sold for $1.9 million. The structure at 57990 29 Palms Highway is occupied by Crazy Bargains, Luxury Nail Spa and No Limits Boutique, all discount and service-oriented tenants, according to Progressive Real Estate Partners in Rancho Cucamonga. Other tenants in the Stater …

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