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Bank of America helps local nonprofits

Bank Helps Inland Empire Charities

Twenty-six nonprofit agencies in the Inland Empire have been given a boost by the Bank of America. The organizations, which address a number of economic development issues in Riverside and San Bernardino counties, collectively received $282,500 in economic mobility grants, according to a statement released Tuesday. The grants, which are …

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Major office property changes hands

Empire Corporate Center, one of the more visible office properties in the Inland Empire, has  been sold. The four-story, Class A project at 800 Haven Way – currently 83 percent occupied – sold for $16.5 million, according to a statement released Monday by Newmark Knight Frank. MGR Services in Upland …

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Delinquent mortgages reach record low

Local Foreclosures Keep Dropping

Four point six percent of all U.S. mortgages in July were in some state of delinquency during July, a year-over-year decline of nearly one percent, according to data released Tuesday. In the Inland Empire, 4.3 percent of all mortgage payments in July were overdue by at least 30 days, compared …

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Aldi to open in Temecula

Aldi Coming to Inland Empire

Aldi, the global discount supermarket chain, is scheduled to open its first Temecula store later this month. Grand opening festivities, including a ribbon-cutting ceremony, a Golden Ticket giveaway to the first 100 shoppers in line and a free-produce-for-a-year sweepstakes, are scheduled to begin at 7:45 Oct. 26, according to a …

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SB office building sells

Inland Empire office market continues to improve

A Class-A office building in San Bernardino has been sold. Northpointe sold to TPG Capital & Gramercy Property Trust, a partnership that buys and manages office properties nationwide, for $45 million, according to a statement released Monday by Newmark Knight Frank. The seller was Founders Properties LLC, a privately held …

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OIA chief executive no longer interim

OIA Sees Large Drop in Traffic

Mark Thorpe has been named chief executive officer of Ontario International Airport. Thorpe, who was named the airport’s interim chief executive in July, had the temporary status removed from his title during a special meeting Saturday of the Ontario International Airport Authority, according to a statement. All five members of …

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