IE Business Daily Business news for the Inland Empire.
By Ed Hoffman My readers and listeners are accustomed to me talking politics – but for the week of Labor Day, let’s talk business instead. Don’t worry, there’s still a political tie-in! With a stock market correction looming, many Americans are looking for a more stable place to park their …
Read More »Local, National Home Prices Increase
Inland Empire home prices, including distressed sales, increased 6.3 percent in July year-over-year, according to data released this week. Compared with June, home prices in Riverside and San Bernardino counties increased 0.8 percent, Irvine-based CoreLogic reported in its monthly report on U.S. home prices. Nationwide, home prices increased six percent …
Read More »Moreno Valley Says “No” to Pot
Moreno Valley has issued a stern warning regarding marijuana dispensaries: they aren’t welcome in that city, under any circumstances. In statement posted Friday on the city’s website, officials declared that pot dispensaries “[will] receive anything but a friendly welcome in Moreno Valley,” a city otherwise known for being business-friendly. Four …
Read More »SB County receives state awards
San Bernardino County has been recognized by the California State Association of Counties for four social programs the county implemented within the past year. The programs involved teaching incarcerated youth about the judicial system, community outreach by law enforcement, helping families become self-sufficient and providing tax preparation for residents, according …
Read More »Multi-tenant retail building sells for record price
A multi-tenant retail building in Ontario that is part of a retail project anchored by a Walmart Supercenter has been sold. The property, which covers 6,786 square feet, sold for $5.9 million to a private investor in Irvine whose name was not disclosed, according to a statement released today by Hanley Investment …
Read More »IE campuses part of ITT Tech closings
ITT Technical Institutes is shutting down all of its schools nationwide, including its Inland Empire campuses in Corona and San Bernardino, officials announced today. The closures, which were effective immediately, will impact more than 35,000 students and an estimated 8,000 employees, according to a statement released by ITT Educational Services …
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