Ardy Farokhirad has been named senior vice president-regional manager of California Bank & Trust’s Southern California east region. Farokhirad, whose territory will include the Inland Empire, will oversee eight branches, 50 employees and an estimated $722 million in deposits, according to a statement released Monday. “I’m excited to join California …
Read More »On The Move
Lori Bettison-Varga, president of Scripps College, is stepping down to become director of the Natural History Museum of Los Angeles County. Bettison-Varga is scheduled to leave this fall, according to a report in the Inland Valley Daily Bulletin. Her appointment must still be approved by the Los Angeles County Board …
Read More »Sales of distressed homes decline
Distressed sales accounted for 11.1 percent of all single-family home sales in the United States during April, according to data released Thursday. That represented a three percent drop year-over-year and a 1.5 percent drop compared with March, according to CoreLogic’s latest report on distressed property sales. Distressed sales are either …
Read More »California: Coming for Your Pocketbook Again
The State of California just passed a $125 Billion State budget which increases funding for education, welfare programs, and expands Medi-Cal. But the most pressing issue in California, besides the drought, is the crumbling infrastructure of California’s Roads and Highways. The new budget left that issue unresolved and Governor Brown …
Read More »Inland retail market steady, not spectacular
The Inland Empire retail market remained solid during the second quarter, with only minor changes compared with the first three months of 2015. Retail vacancy was up slightly during the second quarter, from 10 percent to 10.1 percent, while the average asking lease rate remained unchanged at $1.88 per square …
Read More »Tune in to The Main Event this Saturday Morning at 9:30 on AM590
Tune in to The Main Event this Saturday morning at 9:30 on AM590 with host Ed Hoffman as he discusses national current events and politics, with a few mortgage tips along the way. Ed delivers intelligent, entertaining radio that makes hard news easy to understand! This week, Ed begins the …
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