IE Business Daily Business news for the Inland Empire.
Rincon Corporate Plaza, an office building in Corona, has been sold. The 58,850-square-foot structure at 355 E. Rincon St. sold for $11.8, CBRE announced in a statement. The seller was Providence Capital Group in San Diego. The buyer was ZHOPE LLC, a private investment group Corona. CBRE represented both parties …
Read More »Redlands apartment sells for just under $45 million
A 198-unit apartment complex in Redlands has been sold for nearly $45 million. Citrus Grove Apartment Homes consists of 24 buildings that cover 169,000 square feet on 11.7 acres, according to a statement. The project, next to the University of Redlands at 1230 E. Lugonia Ave., sits on 11.7 acres. …
Read More »Riverside FD joins Xmas toy drive
The Riverside Fire Department has joined ABC7 and other Southern California fire departments to collect new, unwrapped toys, sports equipment, blankets and gift cards for underprivileged children and teens. The Spark of Love toy drive, for infants to 16 year olds, is happening in Los Angeles, San Bernardino, Orange, Ventura …
Read More »Another double digit increase in passengers for OIA
Passenger traffic at Ontario International Airport rose 10.5 percent in October, the fourth consecutive month the airport’s passenger count experienced a year-over-year increase. More than 504,000 travelers – 480,000 domestic and 24,000 international – passed through the airport last month, increases of 10.3 percent and 13.9 percent respectively, the Ontario …
Read More »Gov. Gavin Newsom vows to take a regional approach to California’s problems
The state’s economy has grown considerably since the end of the Great Recession, but some parts of the state have grown more than others. It’s time to correct that imbalance, according to Newsom. Earlier this month, Gov. Gavin Newsom addressed the 2019 California Economic Summit in Fresno, a bipartisan …
Read More »SBCTA will help bring first hydrogen-powered train to the U.S.
The San Bernardino County Transportation Authority will soon create the first hydrogen-powered passenger train to operate in the United States. An agreement between the authority and Stadler U.S., an international rail vehicle construction company in Switzerland, will bring zero-emission passenger rail technology to the United States, according to a statement. …
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