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Ontario office building sold

Inland Office Market Improves.001

A religious school in Northern California has bought an office building in Ontario and plans to move part of its operation there. Golden Gate Theological Seminary paid $26 million for the structure at 3210 E. Guasti Road, and it plans to move its Marin County operation there, according to a …

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Cyber Monday hits San Bernardino

Inland Empire Business News May 21st.001

Amazon.com’s fulfillment center in San Bernardino was in full-swing on Cyber Monday, traditionally the busiest day of the year for online sales. Internet shoppers placed 426 orders per second on Cyber Monday in 2013, and Amazon.com officials expected to top that pace this year, according to multiple published reports. The …

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Black Friday nudges retail sales

Inland Empire Business News April 5th.003

Although Black Friday was a disappointment, it still managed to give national retail sales a boost last week. Sales were up 2.8 percent for the week that ended Saturday compared with the same week in 2013, according to the International Council of Shopping Centers and Goldman Sachs Weekly Chain Store …

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Time to Move On

Inland Empire news by IE Biz Hub.002

By Ed Hoffman Will the Harvard students participating in “die-in” demonstrations prevent another incident like Ferguson? It’s doubtful. What about displays of solidarity by members of the St. Louis Rams? It’s certainly their constitutional right, but I doubt that local police departments are scrambling to change their rules of engagement …

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Christmas sales stumble early

Inland Empire Business News May 21st.002

Despite a recovering economy and some deep discounts, particularly in clothing and electronics, the holiday shopping season is off to a less-than-spectacular start. Sales were down 11 percent during the Thanksgiving weekend compared with the same weekend last year, according to data released Sunday by the National Retail Federation. Consumer …

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Inland manufacturing is strong again

Warehouse Deal Approved As Property Values Drop.002

The Inland Empire’s manufacturing sector is apparently back on solid footing. The region’s purchasing managers index last month was 53, virtually unchanged from October and well above the 50 benchmark that indicates manufacturing growth, according to the monthly report in Inland manufacturing released Monday by the Institute of Applied Research …

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