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OC homebuilder buys Inland lots

Inland Empire Lots Purchased

An Orange County homebuilder has bought 412 lots in the Inland Empire. TRI Pointe Homes in Irvine plans to build 262 detached homes and 162 town homes on those parcels, which are in Ontario, Riverside and the Corona area, according to a report originally published in The Press-Enterprise. The Ontario …

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Toro looks to help non-profits in Riverside County

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The Toro Co. will mark its 100th anniversary this year with two programs meant to help non-profit organizations. The Minneapolis-based company announced this month that it has launched its Legacy Grant Program and Annual Product Donation Program, both of which are aimed at non-profits that operate in communities where Toro …

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Minimum Wage Issue Blows Up on Democrats

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Democrats from the White House to Congress have been beating the “income inequality” drum for the last several months in an effort to gain some kind of national issue that resonates with voters for the upcoming November elections. The usual suspects of the gender income gap, 1 percenter’s, expanded healthcare …

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CVB Financial merges with Orange County-based bank

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CVB Financial Corp., the parent company of Citizens Business Bank, has agreed to purchase American Bancshares in Newport Beach. The transaction, which was announced Tuesday, is worth $57 million, according to a statement. CVB Financial is based in Ontario and is the largest financial institution in the Inland Empire. It …

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Report: Inland recovery still has a long way to go

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The Inland Empire has regained about 40,000 of the estimated 147,000 jobs it lost during the economic downturn that started in 2007, including 14,000 jobs added last year, according to a report released Tuesday. But that study -the Los County Economic Development Corporation’s 2014-’15 Economic Forecast & Industry Outlook – …

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State housing market still slow

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Home sales in California remained flat in January, as the market remained plagued by low inventory. Sales of single-family, detached homes in the state during the first month of the year totaled 363,640 units, the third consecutive month that sales failed to reach 400,000 units, according to the monthly housing …

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