Nationwide retail spending made a comeback in July, boosted by summer sales that were put into place before more tariffs begin to affect the price of some goods, according to the National Retail Federation. Retail sales last month were up 1.45 percent month-over-month and up 5.8 percent over last year, …
Read More »State exports dropped slightly
California exports declined slightly in June, according to a recent report. The state’s international merchandise trade was estimate at $15.6 billion during the sixth month of the year, a .08 percent drop recorded in June 2024, Beacon Economics in Los Angeles reported. During the same period, U.S. exports rose by …
Read More »Redlands multifamily sells for $148.4 million
A 328-unit multifamily development in Redlands has been sold for $148.4 million. The Venue at Orange was sold by LuxView Properties in San Diego to Sentinel Real Estate Corp. in Australia, according to Institutional Property Advisors, a division of Marcus & Millichap. LuxView developed the project, which was completed two …
Read More »Victorville conducts riverbed, wash cleanup
Victorville has removed an estimated 51 tons of debris from the Mojave Riverbed and Oro Grande Wash, two of the city’s most important ecosystems. The four-week cleanup, which was completed recently, was conducted across 3.1 linear miles by 34 city employees, according to a statement on the city’s website. The …
Read More »Future Dutch Bros. location sold
The future site of a Dutch Bros, drive-thru in Riverside has been sold for $2.8 million. A 1,025-square-foot building is under construction on a half-acre parcel at 4990 Van Buren Blvd., according to Hanley Investment Group in Corona Del Mar. The property, which is next to a Walmart Supercenter and …
Read More »Stater Bros., UFCW agree to a contract
The union that represents 12,000 Stater Bros. employees has reached a tentative agreement with the supermarket chain, avoiding a possible strike. The three-year contract between the United Food and Commercial Workers Union and the San Bernardino-based grocer guarantees higher wages, better healthcare and staffing and pension fund contribution, according to …
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IE Business Daily Business news for the Inland Empire.