The Inland Empire’s foreclosure rate was essentially unchanged in July, according to data released Wednesday. Of the region’s outstanding mortgage loans, 0.54 percent were in foreclosure, down from 0.74 percent in July 2015, Irvine-based CoreLogic reported. That was below July’s national foreclosure rate, which was 0.93 percent. The Inland Empire’s …
Read More »Cash Sales of Inland Empire Homes Stay Low
Cash transactions accounted for 24 percent of all home sales in the Inland Empire during June, essentially unchanged year-over-year. Nationwide, cash sales were 29.3 percent, a drop of 2.5 percent compared with June 2015, according to data released Tuesday by Irvine-based CoreLogic. That was the first time that home cash …
Read More »Company in RC Lands Military Contract
A Michigan-based company with an operation in Rancho Cucamonga has won a contract from the U.S. Army. Gentex Corp. will be paid $82.5 million to manufacture the Joint Service Aircrew Mask at its facility at 9859 7th St., according to statement by Rep. Pete Aguilar, D-Redlands. The mask will provide …
Read More »Study Predicts Bright Economic Future for State, Inland Empire
Both California and the Inland Empire should experience stronger economic growth than the nation during the next year or more, according to report released Tuesday. Turmoil in other countries has slowed U.S. exports and damaged the commodities industry, causing a modest drop in business investment, according to a forecast released …
Read More »Riverside, UC Riverside to Promote Hiring Disabled
Riverside, UC Riverside and the California Department of Rehabilitation have joined to help promote National Disability Employment Awareness Month. All three organizations will promote three events next month that will emphasize the benefits of hiring employees with disabilities and celebrating their contributions to the workplace, according to a statement released …
Read More »Long-Time Cement Maker to Upgrade
CalPortland, a manufacturer and distributor of cement and other building products, will upgrade its facility in Oro Grande in the High Desert. No schedule has been announced for the upgrade, which is expected to cost approximately $61 million, according to a statement released Tuesday by San Bernardino County. CalPortland began …
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