Millennials, defined as anyone born between 1982 and 2000, now make up more than one-quarter of the U.S. population. About 83.1 million people fall into that category, exceeding the baby boomers, who total about 75.4 million, according to data released recently by the U.S Census Bureau. Overall, millennials are more …
Read More »Conference paints rosy picture of the Inland industrial market
The recession is more or less over, according to a middle-of-the-year review of the Inland industrial market. Things are likely to get better, with more activity and job growth on the horizon. And many brokers are watching a certain mega-industrial project proposed for Moreno Valley. The industrial real estate brokers …
Read More »Consumer spending rises
U.S consumer spending rose 0.9 percent in May month-over-month, the largest such increase in nearly six years. Most of that money was spent on miscellaneous items, including small purchase like groceries and big-ticket items like automobiles, according to data released Thursday by the U.S. commerce department. Cheaper gasoline prices in …
Read More »On The Move
Michael Burrows has been named executive director of San Bernardino International Airport. Burrows, who has been the airport’s interim executive director for the past year, was appointed Wednesday during a meeting of the San Bernardino International Airport Authority and the Inland Valley Development Agency, according to a statement released by …
Read More »On The Move
Rick Mayhew is retiring as Upland’s fire chief. Mayhew, 54, is stepping down because of an unspecified medical condition, according to a report in the Inland Valley Daily Bulletin. Mayhew’s last day on the job is scheduled for July 18. Deputy Fire Chief Dave Corbin will serve as interim chief …
Read More »Home ownership continues to fall
Owning a home isn’t as popular, or as affordable, as it used to be. The national homeownership rate fell 0.6 percent last year, to 64.5 percent, the 10th consecutive year that figure has declined, according to the 2015 State of the Nation’s Housing Report. The report is published by the …
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