A mixed-use residential project is scheduled to open Thursday in downtown Riverside. Imperial Hardware Lofts covers 8,000 square feet at 3750 Main St., about one block from the Mission Inn & Spa, according to a statement. The project, which broke ground in late 2016, has one floor of retail topped …
Read More »Bank merger is official
The merger of CVB Financial Corp. in Ontario and Pasadena-based Community Bank has been completed. First announced in February, the transaction became official late Friday afternoon, according to a statement released by both financial entities. Value of the deal is approximately $903 million. The agreement joins Citizens Business Bank, a …
Read More »SB logistics center sells
A large warehouse-distribution complex in San Bernardino has been sold. The Cajon Distribution Center, which covers 830,750 square feet at 6207 N. Cajon Blvd., was sold to DHL for an undisclosed sum, according to a statement released Monday. Westcore Properties, a commercial real estate investment company in San Diego, was …
Read More »Housing market reaches crisis point
Not enough houses are being built, which is causing a drop in supply that is driving up prices and keeping first-time buyers out of the market. That pattern might not go away anytime soon. The price of a single-family home is going up, and just about everyone agrees on the …
Read More »Water conference dominated by drought
California’s water problems have more to do with management than they do with supply, an attorney who deals exclusively with water issues said Friday. “The state has plenty of water, but it has to do a better job of managing it,” said Russell McGlothlin of the Santa Barbara office of …
Read More »Meetings to discuss redistricting
Palm Springs is moving from at-large to district city council elections, and it’s encouraging residents to get involved in the process. The city will hold two public workshops dealing with mapping techniques so that residents can create and submit their own district map, according to a statement. The first session …
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IE Business Daily Business news for the Inland Empire.