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Pending home sales not encouraging

National pending home sales drops slightly

Pending home sales in California fell for the fifth consecutive month in May, according to data recently released. The state’s pending home sales index was 118.1 last month, down from 123 in May 2016, the California Association of Realtors reported. That decline happened even though closed escrow sales were strong …

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Inland Empire start-up continues to grow

EZER

Lots of things have gone right for EZER, the Pomona-based company modeled after Uber – except that it moves goods instead of people – since it began operating early last year. It’s attracted some interest outside of California, expanded its service area, slightly, outside of the Inland Empire and it’s …

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Logistics airport grabs another tenant

Industrial Tenants Announced

Newell Brands, a global consumer goods company, has signed a three-year lease to occupy part of an industrial building at Southern California Logistics Airport in Victorville. The company, which has been a tenant at the logistics airport for 10 years, will be located in 195,508-square-feet of Distribution Center 18, a …

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On The Move

Emilio Ramirez, Riverside’s deputy director of community and economic development, has been named to the state’s new Homeless Coordinating and Financing Council. “Helping people overcome the challenge of homelessness has become a key part of my professional life, and I am very excited about being able to provide some expertise …

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On The Move

Riverside Community College District Chancellor Michael L. Burke has announced his retirement. Burke has told faculty and staff that he will step down Dec. 31, according to a statement on the school’s website. The six-month interval will allow district officials time to conduct a nationwide search for a replacement. The …

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E-commerce is big, but it’s not taking over

NAIOP Inland Empire Schedules Real Estate Tour.001

Despite what some people might believe, e-commerce is not on the verge of putting traditional brick-and-mortar retail out of business. That was the message delivered Thursday by David Egan, head of industrial research for CBRE Group in the United States and the primary speaker at NAIOP Inland Empire’s mid-year market …

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