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AltaPacific Bancorp reports strong year

AltaPacific Bancorp had assets of $418.6 million at the end of 2017, a year-over-year increase of 19.1 percent, the financial institution has reported. The company, the parent company of AltaPacific Bank, also reported gross loans of $295.6 million for the year, a 26.8 percent increase compared with the end of …

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Inland retail market adds space

More than 265,500 square feet of retail space was absorbed in Riverside and San Bernardino counties during the last three months of 2017, according to CBRE Group Inc. The region’s retail vacancy rate was 8.2 percent in the fourth quarter, an estimated 422,000 square feet of space was under construction …

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Local BIA chapter to celebrate its members

BIA Baldy View Chapter Announces New President

The Baldy View chapter of the Building Industry Association of Southern California will hold its annual Member Appreciation Night Friday, Jan. 26. All chapter members are asked to gather at Citizens Business Bank Arena and cheer on the Ontario Fury when they play the Sonora Suns, both of the Major …

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Local industrial market keeps humming

Inland industrial market is more than solid

The Inland Empire absorbed close to five million square feet industrial space in the fourth quarter of 2017, as its overall vacancy rate fell to 3.7 percent, according to a report. An estimated 23 million square feet of industrial space was under construction during the last three months of last …

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Inland Empire company plans to expand

EZER

In February 2016, Pomona businessman Glenn Todd announced he was starting EZER, which uses private drivers to haul goods instead of people. At the time, Todd predicted his fledgling company – which he based on UBER – would turn its first profit in 2018. Todd spoke with IE Business Daily about …

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State adds 52,700 jobs in December

California’s economy finished 2017 on a major upswing. The state added 52,700 jobs last month as its unemployment rate fell to 4.3 percent, according to data released Friday by the state Employment Development Department. California has now added jobs for four consecutive months, and more than 2.7 million jobs since …

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