IE Business Daily Business news for the Inland Empire.
Three point seven percent of all mortgages in the United States were in some state of delinquency in August, including foreclosures, a modest year-over-year decline, according to data released Tuesday. The foreclosure inventory rate – which measures the number of mortgages in some phase of foreclosure – was 0.4 percent, …
Read More »BofA gives grants to two Inland nonprofits
Two Inland Empire nonprofits have been recognized by the Bank of America for their charitable work. Habitat for Humanity Riverside and Coachella Valley have been named 2019 Bank of America Neighborhood Builders recipients for their work with affordable housing and creating college and career opportunities for low-income households, respectively, according to …
Read More »New Rialto shopping center changes hands
A neighborhood shopping center in Rialto with two tenants has been sold. The property, at 630-660 W. Foothill Blvd., sold for $8.7 million, according to a statement. Built last year, the property’s two tenants are ALDI grocery and WSS, formerly known as Warehouse Shoe Sale. Combined, the two retailers cover …
Read More »University of Redlands partners with member of Claremont Colleges
The University of Redlands has partnered with the Keck Graduate Institute that will allow for a “seamless transition” for Redlands students interested in pursuing courses on Keck’s Claremont campus. Keck, which teaches careers in healthcare and life sciences, will offer classes to Redlands students at its Henry E. Riggs School …
Read More »Grant to pay for traffic, bicycle safety programs
Montclair has received a $30,000 grant from the California Office of Traffic Safety, money it will use to improve safety for bicyclists and pedestrians. The one-year grant, which began Oct. 1, will pay for a number of education programs for youth and adults, specifically the safest methods for walking and …
Read More »Industrial building sells for $28 million
A fully-occupied industrial building in Temecula has been sold for $28 million. The 224,350-square-foot structure at 41995 Zevo Drive was purchased by Karney Properties in Santa Monica, according to a statement released by Avison Young, which negotiated the transaction. The seller was Zevo Drive Holdings Inc., an owner-operator that has …
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