The state’s housing market slowed in May, the result of high mortgage rates, concerns about tariffs and a general anxiety about the economy. Sales of existing single-family homes in California totaled 254,190 last month, down 5.1 percent from April and a four percent decline year-over-year, according to the California Association …
Read More »Street renovation begins in San Bernardino County
Renovation of two major thoroughfares in an unincorporated part of San Bernardino County has begun. The Little Third Street and Little Tippecanoe Avenue Improvement Project will cost $4 million and is expected to be completed this fall, according to a statement on San Bernardino County’s website. The project, which broke …
Read More »Retail sales slow in May
Retail sales nationwide continued to grow in May, despite consumers apparently slowing their stockpiling of goods in anticipation of tariffs, according to the National Retail Federation. Sales last month were up 0.49 percent month-over-month and 4.4 percent year-over-year, compared with increases of 0.72 percent and 6.7 percent, respectively, in April, …
Read More »San Bernardino County approves budget
San Bernardino County has passed a $10.5 billion budget for fiscal year 2025-’26. The board of supervisors unanimously approved the budget, which includes $205.2 million for new programs, during its June 10 meeting, according to a statement on the county’s website. The balanced budget includes: $7.5 million to establish a …
Read More »Progressive brokers AutoZone property sale
Progressive Real Estate Partners in Rancho Cucamonga has helped negotiate the sale of a building in Pomona occupied by AutoZone. The 30,000-square-foot structure at 601 E. Holt Ave, which is also a distribution center for nearby stores, sold for $5.7 million, according to a statement on Progressive’s website. Progressive marketed …
Read More »Inland manufacturing stays strong
Inland Empire manufacturing continued to expand in May, posting solid production and employment numbers despite concerns about the economy. The region’s purchasing managers index last month was 65, up from 63.5 in April and above the national index of 48.5, according to the Institute of Applied Research and Policy Analysis at …
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IE Business Daily Business news for the Inland Empire.