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Local, national home prices increase

Home Prices Increase

Home prices rose 4.4 percent nationwide in January compared with January 2018 but were essentially unchanged month-over-month, according to data released Tuesday. Prices of single-family homes and condominiums are expected to rise 3.4 percent this year compared with 2018, Irvine-based CoreLogic reported. “The spike in mortgage interest rates last fall …

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Local food bank receives donation

Feeding America Riverside/San Bernardino has received a $150,000 donation from the Weingart Foundation of Los Angeles. The regional food bank, which serves more than 100,000 people each month, use the grant for “general operating support,” according to a statement. “The very mission of our foundation is to advance fairness, inclusion …

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Audit would identify homeless students

Assemblyman James C. Ramos, D-Highland, has asked for an audit of local school districts intended to help homeless students. If approved, the California State Auditor’s Office will try to determine why only one-quarter of all schools in California report having no homeless students among their student bodies, according to a …

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Orders drop, but IE manufacturing remains strong

Manufacturing in the Inland Empire continued to expand in February despite a sharp drop in new orders, according to a report. The region’s purchasing managers index was 53.9, a slight drop from January but still above 50, the benchmark that determines if the region’s manufacturing sector is growing or shrinking, …

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Food product company to expand

Industrial Tenants Announced

A Mira Loma-based manufacturer and distributor of high-end food products is expanding. Magnolia Foods has leased a 120,576-square-foot industrial building at 1450 Alder Ave. in Rialto, which is part of a new business park that is within the Renaissance project, according to Voit Real Estate Services, which helped negotiate the …

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Former banker likes helping businesses grow

Three years after he left banking and started his own consulting business, Gene Valdez likes where he’s at. The former senior vice president with Citizens Business Bank in Ontario started the CEO Teachers- now The Loan Doctor and Associates Inc. – from his home in Upland. He still works out …

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