San Bernardino’s sales tax receipts rose 7.9 percent in the second quarter year-over-year. Actual sales were up 5.8 percent during that period when reporting aberrations were removed from the data, according to a statement on the city’s website. Business-to-business activity accounted for nearly 65 percent of the overall gain. Lumber …
Read More »High Desert Industrial Building Under Construction Lands Tenant
A company that designs and manufactures plastic containers for food, beverage and other consumer products will add to its operation at Southern California Logistics Airport in Victorville. Plastipak Packaging Inc. has leased part of 370,023-square foot industrial building that is being built by Stirling Development, the airport’s master developer, according …
Read More »Local Real Estate Brokerage Purchased
Century 21 Peak has acquired American Inland Empire R.E., Inc., a real estate company that does business as Weichert Realtors 24/7. The purchase, which was announced last week, is part of Century 21 Peak’s bid to expand its market share in Southern California during the next five years. Terms of …
Read More »Home Prices Keep Rising
Home prices, including distressed sales, were up 5.6 percent year-over-year in the Inland Empire in October, according to data released Tuesday. That was below the national rate of 6.7 percent, Irvine-based CoreLogic reported. “While national home prices increased 6.7 percent, only nine states had home price growth at the same …
Read More »Palm Springs Toughens up on Vacation Rentals
Palm Springs is about to make it more difficult for people to rent vacation units in the city. The city council last week passed changes to its ordinance regarding vacation rental units, including limiting a location to no more than 32 rental contracts per year, according to a statement on …
Read More »National Unemployment Falls
The U.S. economy added 178,000 jobs in November and the unemployment rate fell to 4.6 percent, according data released Friday. That was a drop of 0.3 percent compared with October and the lowest national unemployment rate since August 2007, the U.S. Department of Labor reported. The national unemployment rate has …
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