Most U.S. renters can’t afford the monthly rent on a median-priced apartment, a report has found. The typical renter household earns about $54,712 a year, 17.3 percent less than is needed to pay the median monthly rental rate of $1,653, according to a study released June 24 by Redfin, a …
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More than 600 warehouse workers at two Smart & Final warehouses have gone on strike, protesting mass layoffs and what they believe are unfair labor practices. Workers at the Riverside and City of Commerce facilities walked off the job June 20 and have remained so this week, according to multiple …
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A 5,000-square-foot parcel in Murrieta that is occupied by a Chick-fil-A has been sold for $6.5 million. The restaurant at 27960 Clinton Keith Road opened in March and has a 15-year ground lease attached to it, according a statement released June 24. SRS Real Estate Partners in Dallas represented the …
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Ontario International Airport has retained its “A” rating regarding outstanding revenue bonds. S&P Global Ratings, a New York credit rating company, recently reaffirmed that long-term rating due the airport’s “robust [passenger count] recovery that now exceeds pre-pandemic levels,” according to a statement on the airport’s website. S&P Global said its …
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An Inland Empire fireworks manufacturer has bought a special effects effects company in Washington. Pyro Spectaculars by Souza in Rialto recently purchased Pyro & Fire FX, LLC, according to a statement released June 21 by the Inland Empire company. Terms of transaction, including the purchase price and possible job losses, …
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Victorville is looking for some help in its effort to restore its Old Town, something it’s been trying to achieve for nearly 30 years. The city is asking for “qualified community members” to serve on its Community Revitalization and Investment Authority Board, which the High Desert town is forming as …
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IE Business Daily Business news for the Inland Empire.
