Wednesday , March 12 2025

Tag Archives: featured

Menifee to Get Drive-In Restaurant

Corona Could Land Sonic.001

Sonic, the drive-in restaurant chain, is coming to Menifee. The company will open its first restaurant in the city at the southwest corner of Newport and Haun roads, probably within two months, said Scott Forest, senior vice president with WestMar Commercial Real Estate in Temecula. The restaurant, which is under …

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Recession was a Boom Time for Hispanic-Owned Businesses in the Inland Empire

Hispanic-Owned Businesses in the Inland Empire

A study by UC Riverside shows that Hispanic-owned businesses grew dramatically in the two-county region during the worst of the economic slowdown. Many of them have only a handful of employees, but the trend was still positive for the region. Everyone agrees that the Inland Empire took a major hit …

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Job Market Slows

Jobs report could be bad for IE

The U.S. economy added 160,000 non-agricultural jobs in April, a decent showing but a slowdown compared with the previous six months. Nationwide, the unemployment rate remained at five percent last month, according to the U.S. Department of Labor’s monthly jobs report, which was released Friday. The department also revised down …

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Steve Lustro has retired as Montclair’s community development director.

Steve Lustro

Lustro, who spent 15 years with Montclair and nearly 25 years in planning and community development, stepped down Thursday, according to a statement on the city’s website. A Cal Poly Pomona graduate, Lustro worked for the city of Claremont for eight years before moving to Montclair in 2000. He served …

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CVB Financial Names New CFO

Citizens Business Bank Posts Profits

Ontario-based CVB Financial Corp., the holding company for Citizens Business Bank, has a new chief financial officer. E. Allen Nicholson has been named to that position in both institutions effective July 1, according to a statement released Wednesday. Nicholson will replace Richard C. Thomas, whose retirement was announced in April. …

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Distressed Sales Keep Falling

Distressed sales still on the decline

Distressed sales made up 10.3 percent of all homes sales in the Inland Empire during February, according to data released Thursday. That was down from a peak of 76.3 percent in February 2009, a drop of 66 percent, Irvine-based CoreLogic reported in its monthly analysis of distressed home sales in …

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