The High Desert office market recorded a vacancy rate of 4.2 percent and net absorption of 16,828 square feet during the second quarter, according to Lee & Associates Commercial Real Estate Services. Average lease rates were $1.17 per square foot, according to Dock High, a quarterly newsletter published by Lee …
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Pending home sale dropped in California for the sixth consecutive month, a possible sign that the state’s housing market might be slowing down, according to data released Monday. The pending home sales index was 117.9 last month, down from 119 in June 2016, a drop of nearly one percent, the …
Read More »Less than two years from now, gasoline-powered leaf blowers will be illegal in Palm Springs. The city council passed an ordinance last week banning their use, although electric-powered blowers will still be allowed, according to a statement. The new ordinance is scheduled to go into effect Jan. 19, 2019. Residents …
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June was another good month for home sales in Southern California. Sales were up 8.5 percent month over month and 4.3 percent compared with June 2016, according to data released Tuesday by CoreLogic in Irvine. A total of 25,515 new and used houses and condominiums were sold last month, up …
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Small businesses in the Inland Empire are apparently looking to upgrade. SBA 504 loans were up 31 percent year-over-year in Riverside and San Bernardino counties for the nine-month period that ended June 30, said Larry Nuffer, spokesman for CDC Small Business Finance in San Diego. Small businesses in the two-county …
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California recorded a 4.7 percent unemployment rate in June, while losing an estimated 1,400 non-agricultural jobs, according to data released Friday. The unemployment rate, which was unchanged from May, matched the record low recorded in November-December 2000, the state Employment Development Department. By comparison, the national unemployment rate in June …
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IE Business Daily Business news for the Inland Empire.
