Homeowners with mortgages saw the equity in their homes increase by an average of 10.8 percent between this year’s third quarter and the third quarter of 2019, a recent study has found. Nationwide, that represented a collective equity gain of approximately $1 trillion – an average of $17,000 per homeowner …
Read More »Moreno Valley issues thank you for equipment donations
Moreno Valley has received what it called a “generous” donation of personal protective equipment from several corporations, and now the city is saying thank-you. PPE’s were received from Ford Motor Company, Proctor & Gamble, Amazon, and Deckers Outdoor Corporation, according to a statement on the city’s website. “We are deeply …
Read More »COVID-19 takes a big bite out of the Inland office market
The market might manage a few small improvements in 2021, but don’t look for anything substantial until at least 2022. COVID-19 hit every sector of the Inland Empire economy hard, and nowhere did it hit harder than the region’s office market. Most of the numbers that determine whether a market …
Read More »Downtown Redlands property will become retail, entertainment site
A mixed-use property in downtown Redlands has been sold for $3.5 million. The Feldkamp family bought the property at 21 W. Stuart Ave., a two-building site in the city’s packinghouse district, according to CBRE. The seller was a private investor whose name was not released. CBRE represented both parties in …
Read More »Wapner named Mayor Pro Tem
Alan D. Wapner has been named Ontario’s Mayor Pro Tem. A long-time member of the city council, Wapner will serve a two-year term through 2022, according to a statement on the city’s website. The council conducted its annual reorganization earlier this month. Wapner recently received a presidential appointment to become …
Read More »Trucking company lands in Fontana
A company that specializes in less-than-truckload deliveries has come to the Inland Empire. Forward Air Corp. of Greeneville, Tenn., has located in Fontana, its fifth operation in California and second in greater Los Angeles, according to a statement. The Fontana operation will support the Inland region. The facility’s exact location …
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