A Long Beach-based firm has leased a 750,000-square-foot warehouse-distribution building that it developed in Fontana. LG Electronics USA, which manufacturers flat screen television sets, refrigerators, microwave ovens and other household appliances, moved into the building at 5565 Sierra Ave. last week, said Charley O’Desky, project manager for Pacific Industrial. The …
Read More »Gas prices stay low
Gas prices continued to drop this week. Statewide, one gallon of regular gasoline sold for an average of $3.04, down from $3.14 last week and $3.49 one month ago, according to AAA’s Daily Fuel Gauge Report. The national average was $2.28, down four cents during the past week and 33 …
Read More »City television station receives awards
Moreno Valley’s television station has won one national and 10 region cable television awards. The National Association of Telecommunications Officers and Advisors gave MVTV-3 its highest honor in the category of public service announcements, according to a statement posted on the city’s website. The association gave out that award during …
Read More »Home sales stall in August
U.S. home resales dropped in August despite an increase in first-time buyers and a slowdown in price growth. Sales of existing homes – completed transactions that involve single-family homes, condominiums, co-ops and town homes – fell 4.8 percent last month compared with July to a seasonally adjusted annual rate of …
Read More »State posts strong job growth, unemployment falls
California’s unemployment rate fell to 6.1 percent in August as the state added 36,300 new non-farm jobs during the month. Employers in California have added more than two million jobs since the recovery officially began in February 2010, according to data released Friday by the state’s Employment Development Department. The …
Read More »Leader of local homebuilding non-profit likes where the inland housing market is headed
No one can say Carlos Rodriguez had it easy when he was named executive director of the Baldy View chapter of the Building Industry Association of Southern California. Rodriguez first went to work for the chapter in 2004, when the local housing market and the economy in general were both …
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