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 …
Read More »Inland industrial market slips
The Inland Empire industrial market fell backward during the second quarter, amid fears of a trade war that has yet to happen. The two-county region’s vacancy rate was 8.1 percent at the end of June, one point higher than it was one year, according to data released July 17 by …
Read More »Menifee approves its largest budget ever
Menifee recently adopted the largest budget in its 17-year history. The city in southwest Riverside County will operate with a budget of $129 million during the 2025/26 fiscal year, which began July 1, and a $134 million budget in fiscal year 2026/2027, according to a statement on the city’s website. …
Read More »Staters reopen Coachella Valley store
Stater Bros. has reopened its Twentynine Palms supermarket following a remodeling. The store at 71727 Twentynine Palms Highway has been fitted with a more modern facade, and its interior has sushi and fresh-fruit stations, according to a statement released by the San Bernardino-based supermarket chain. It also provides ready-to-eat meals …
Read More »Threshold Aviation capitalizes on growing demand for aircraft parts
Threshold Aviation, a fixed-base operator at Chino Airport, does more than maintain and upgrade private jets – sometimes it dismantles them. For the past seven years, Threshold has been recycling planes and selling them for parts. That practice that did not become common in the aviation industry until about 25 …
Read More »Back-to-school shopping expected to rise slightly
Families with children in elementary school or high school plan to spend an average of $858 on back-to-school items this year, down from $874 in 2024, according to the National Retail Federation. Those items include clothing, shoes, school supplies and electronics, with an expected increase in spending on apparel and electronics, the …
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IE Business Daily Business news for the Inland Empire.