All signs point to more home building and sales this year. How much the recently passed GOP tax reform package will help remains to be seen. Will 2018 be the year enough houses are built in the Inland Empire to keep up with demand? Probably not, but 2017 was a …
Read More »A Fontana retail property occupied by a drive-thru Starbucks Coffee has been sold. The 2,500-acre site at 17142 Slover Ave. sold for $3.1 million, according to a statement released by Faris Lee Investments, which negotiated the sale. The seller was Puente Hills Power Center LLC, a private investment group. The …
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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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IE Business Daily Business news for the Inland Empire.
