By John W. Tulac OK, so two out of three isn’t bad. Let’s talk about free trade. Real free trade. Not protectionism, not mercantilism, not fair trade, not a level playing field, but real open borders to foreign goods and capital. Let’s remember basic economics. Last week, trade data showed …
Read More »SB County, school district announce job training program
San Bernardino County and the San Bernardino Unified School District will partner to help at risk and low-income students develop job skills. During the next three years, the county will provide the school district with a coordinator from its Workforce Development Board who will arrange “work-based learning opportunities” for those …
Read More »Class A office building changes hands
A Riverside office building has been sold. The five-story structure at 1650 Spruce St., which covers 58,300 square feet, sold for $7.2 million, according to CBRE. Magnon Cos., a Riverside developer, was the seller. Providence Capital Group Inc., a real estate investment and management firm in Encinitas, bought the building. …
Read More »Local mortgage delinquencies fall slightly
Only 4.3 percent of all Inland Empire mortgages were delinquent by at least 30 days during November, a year-over-year drop of 0.5 percent, according to data released today.’ The region’s serious delinquency rate – 90 days or more past due – was 1.3 percent, down 0.4 percent compared with November …
Read More »City gets grant to help fight homelessness
Riverside has received a $20,000 grant it will use to reduce homelessness. The donation, from Sacramento-based CPS HR Consulting, will help pay for Riverside at Work, which helps homeless and unemployed people become self sufficient, according to a statement released Tuesday. Riverside at Work’s employment component is scheduled to start …
Read More »Inland multifamily rents rise
Multifamily rents in the Inland Empire rose 3.8 percent year-over-year in January, one of the largest increases of any major U.S. submarket during that time. Nationwide, rents rose only $1 during the first month of the year, to an average of $1,362 per month, according to Yardi Matrix, a commercial …
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IE Business Daily Business news for the Inland Empire.