The Inland Empire office market added more than 323,172 square feet of space during 2016, with most of that activity happening around Ontario International Airport, according to data released Tuesday. That absorption, combined with an absence of new development, caused the two-county region’s vacancy rate to drop to 12.9 percent …
Read More »Former supervisor says he witnessed no bribes in Colonies case
A former San Bernardino County Supervisor testified Tuesday that he never saw a Rancho Cucamonga developer offer a bribe to any of the three former county officials charged in connection with the Colonies corruption case. Dennis Hansberger was one of two supervisors who in Nov. 2006 voted against the $102 …
Read More »Two Inland Empire Cities Recognized for Fiscal Performance
Fontana and Moreno Valley have been ranked among the financially strongest cities in the United States by an online publication. The Inland Empire communities ranked second third respectively among cities with a population of 200,000 or more, according to the Jan. 9 edition of The Fiscal Times. Both cities were …
Read More »City Establishes Special Website
Riverside has set up a website that provides information regarding Measure Z, the one-cent-per-dollar sales tax increase city voters approved last fall. The website, RiversideCA.gov/MeasureZ, explains why city officials placed the measure on the Nov. 8 ballot, along with information on cuts that were made last summer to city services, according …
Read More »Inland Empire company modeled after Uber is still looking to find its footing
EZER, the Pomona company that moves goods instead of people, has yet to turn a profit. However, it’s close to closing several deals that could change that almost immediately, according to its founder and owner. One year ago, Glenn Todd was launching EZER, a business modeled on Uber except that …
Read More »Industrial market continues to shine
The Inland Empire industrial market continued to hum during the fourth quarter of 2016. Vacancy in the two-county region was 4.5 percent, down from 5.3 percent in the third quarter, according to Voit Real Estate Services’ latest quarterly industrial report on the region. More than 91 industrial buildings – nearly …
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