By Ralph Quintana Many Americans realize the importance of saving for retirement. Knowing exactly how much they need to save is another issue altogether. A rule of thumb is that retirees will need approximately 80% of their pre-retirement salaries to maintain their lifestyles in retirement. The amount you will need …
Read More »BofA helps local nonprofits
Bank of America has awarded $387,500 to 43 nonprofit agencies in the Inland Empire. The economic mobility grants were given to organizations that help people achieve financial success, mostly through mentorship, skills training and by offering financial education, according to a statement. Feeding America Riverside/San Bernardino Counties, Community Health Action …
Read More »NAIOP to hold midyear review
NAIOP Inland Empire will hold its annual midyear market review June 29 at the Ontario Convention Center. David Egan, America’s Head of Industrial Research at CBRE Group Inc., will deliver the main address, according to a statement released by NAIOP. Egan is CBRE’s primary national spokesman on industrial real estate. …
Read More »Mortgage delinquencies fall, locally and nationally
Four point one percent of mortgages in the Inland Empire were delinquent during March, down from 4.8 percent year-over-year, according to data released Tuesday. Mortgages that were seriously delinquent – 90 days or more overdue – in Riverside and San Bernardino counties totaled 1.5 percent, down from two percent in …
Read More »IE leads Southern California in logistics construction
The Inland Empire added 20.6 million square feet of industrial-logistical space and had another 16.7 million under construction during 2015, far outdistancing Los Angeles and Orange counties in those categories, according to a report released Monday. Much of that activity in Riverside and San Bernardino counties was driven by the …
Read More »Palm Springs enforces vacation rental restrictions
Palm Springs has issued 185 citations for violations of its Vacation Rental Ordinance since the start of this year, including eight suspensions of rental permits and six that are being permanently revoked, according to a statement. The ordinance, which the city council approved in March after numerous complaints from residents, …
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