Three Class-A industrial buildings in Fontana have been sold for $83.5 million. Bridge Logistics Properties, a specialist in logistics management and investments, bought the properties from a seller whose name was not released, according to a statement. The recently constructed buildings are at 14074 Rancho Court (100,039 sf), 14019 Rose Ave. …
Read More »New fire station for Morongo tribe
The Morongo Band of Mission Indians has opened a fire station that will serve the Morongo Indian Reservation and much of the San Gorgonio Pass. The 15,000-square-foot facility at Morongo and Santiago roads replaces the building that housed the tribe’s fire department since 1998, according to a tribal statement. “Public …
Read More »Salvation Army opens in Chino
The Salvation Army has opened a thrift store in Chino. About 50 shoppers, and a few local dignitaries, gathered recently at the store at 5250 E. Philadelphia St. to mark the facility’s opening, according to a Salvation Army statement. “We’re so happy to welcome the Salvation Army thrift store to …
Read More »Inland jobless rate rises
The Inland Empire’s unemployment rate climbed to 5.9 percent in June, up from a revised 4.8 percent the previous month and above the 5.4 prediction of one year earlier. Also in June, California’s unemployment rate was 5.7 percent, while the nationwide jobless rate was 4.4 percent, according to the state …
Read More »Inland broker negotiates Fresno transaction
Progressive Real Estate Partners in Rancho Cucamonga has negotiated the sale of a Fresno shopping center. A Los Angeles investor whose name was not released bought Peppertree Plaza for $6.6 million, according to a statement on Progressive’s website. Progressive represented the seller, a Bay Area investor who also wished to …
Read More »State housing market rebounds
The California housing market bounced back in June, reversing three consecutive months of declining sales. Sales of existing single-family homes totaled 264,260 in June, up four percent from 254,190 from May and down 0.3 percent compared with June 2024, according to the California Association of Realtors. Those seasonally adjusted numbers …
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IE Business Daily Business news for the Inland Empire.