A community shopping center in Moreno Valley has been sold. TownGate Center, which sits on 28 acres near Moreno Valley Mall, was sold to Brixton Capital of San Diego for $41.9 million, according to a report originally published in The Press-Enterprise. The sale closed last week. TownGate Center’s anchor tenants …
Read More »
The Inland Empire is loaded with them and many of them pay well, but there’s disagreement about whether they’re a gateway to the middle class. Without question, the Inland Empire is the warehouse-distribution capital of the western United States, if not the entire country. About 113,000 residents of Riverside and …
Read More »
For those of us who thought that this year’s races for County elected offices would be ho hum, boy were we wrong. Every race for County office is being contested; something that just a few weeks ago looked unlikely. In the Board of Supervisors races there are two seats up …
Read More »
Some good news on the employment front: an estimate 37,400 jobs were created last year in Riverside and San Bernardino counties. That’s almost three times as much as state officials first estimated, according to a report first published in The Press-Enterprise. The 3.1 percent job growth for 2013 came after …
Read More »
San Diego-based KB Home Coastal Inc. has purchased an infill parcel in Murrieta. The 52 lots are on Jackson Avenue immediately south of the Interstate 15-215 crossing, said David Harbour, senior land advisor with WD Land in Irvine. Each lot is undeveloped and covers about 3,000 square feet. Cost of …
Read More »
Safeway and Albertsons announced in a statement, a definitive agreement under which AB Acquisition LLC will acquire all outstanding shares of Safeway. Safeway shareholders are expected to receive total value estimated at $40 per share. The merger agreement was unanimously approved by the Board of Directors of Safeway. Albertsons’ Chief …
Read More »
IE Business Daily Business news for the Inland Empire.
