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Inland Empire economic forecast healthy but residents, workers remain anxious

The message from Wednesday’s Southern California Economic Forecast remained consistent: The Inland Empire is doing well. But, in the words of Manfred Keil, Ph.D., associate professor of economics at Claremont McKenna College, speaking on the regional economy, “… you don’t feel well because there are things that need to get …

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Distribution Center Sells

Inland Empire Retail Properties Sold

Ontario Airport Distribution Center, a 102,440-square-foot facility, has been sold. The building, at 1521 S. Hellman Ave., sold for $12 million to Parter Medical Products LLC in Ontario, according to a statement. The seller was Newcastle Partners Inc., a San Francisco-based real estate development and investment company. Parter Medical manufactures …

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On the Move

Rep. Ken Calvert

Rep. Ken Calvert, R-Corona, recently received the S. Roy Wilson Memorial Award for Leadership in Government by the South Coast Air Quality Management District. Calvert, who is now serving his twelfth term in Congress, was recognized for his work as chairman of the House Energy and Environment Committee’s Science subcommittee, …

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OIA Gets Positive Bond Rating

OIA Gets Positive Bond Rating

Ontario International Airport has received an “A-” rating for its fixed rate municipal bonds, which total approximately $52.2 million. The airport, which is scheduled to transfer ownership from Los Angeles World Airports to the Ontario International Airport Authority next month, was also given a “stable” outlook by Fitch Ratings Inc. …

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Rental Rates Drop Nationally, Rise Locally

Apartment complex changes hands

Rental rates of multifamily properties throughout the United States were flat in September, the first such drop in nearly one year. Average monthly rents last month were $1,219, a drop of $1 from August, according to Yardi Matrix, a commercial real estate research and data service that specializes in the …

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WHITHER CHINA? Part 3

John Tulac

By John Tulac In this installment, I will identify several significant actions being taken by the Chinese government and how these impact U.S. businesses. Certain actions, trends or developments, could negatively impact any business dependent on China for any part of its supply chain. In the past year, China has …

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