Three Inland Empire apartment properties with a combined 1,144 units will be sold. The properties, which were not specifically identified, were part of a $5.3 billion transaction between Equity Residential and Starwood Capital Group, according to a statement released Monday. Equity Residential, a private investment firm based in Greenwich, Conn., …
Read More »Investors may be fleeing Inland housing market
Cash sales of homes in the Inland Empire fell five percent year-over-year in July, according to data released Friday by CoreLogic. Overall, cash sales accounted for nearly 24 percent of all home sales in Riverside and San Bernardino counties during the seventh month of the year. That was well below …
Read More »Retailers expect a solid holiday shopping season in 2015
Two of country’s major retail trade association are predicting more than a three percent year-over-year increase, in sales, and at least one local mall expects this to be a good year. A better economy and lower unemployment are some reasons for the optimism. Even though it’s not yet Halloween, much …
Read More »Grocers should learn lessons from Fresh & Easy
The demise of Fresh & Easy should serve as a cautionary tale for any other grocery chain planning to enter the hyper-competitive California market, several retail officials said. The company, which struggled almost immediately after it entered that market seven years ago, recently announced that it will close or sell …
Read More »On The Move
Redlands filmmaker Trevor Stevens recently had one of his short films selected as “Short of the Week” by Vimeo, the video-sharing website. Stevens’ “Run” is a 17-minute story of a drug transaction gone bad and how the gang members involved must deal with the consequences, according to a report in The Press-Enterprise. …
Read More »On The Move
Todd Jorgenson has been named assistant general manager for water by Riverside Public Utilities. Jorgenson has served in a variety roles with the agency since he began working there in 2004, including senior engineer, principal engineer, water operations manager and water engineering manager, according to a statement. For the past six …
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