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Macy’s to furlough all workers

Macy’s to Close Stores

Macy’s Inc., the venerable department store chain that closed all of its stores March 18 in response to the Coronavirus outbreak, is furloughing its workers. The move, announced Monday, applies to the company’s Bloomingdales and Bluemercury brands, according to a statement on the the company’s website. It comes after other …

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Luxury apartment complex fetches $68 million

A 182-unit apartment complex in Rancho Cucamonga has been sold. Arte, at 10130 Foothill Blvd., changed hands for $68 million in an off-market transaction, according to a statement released by Avison Young. The seller was Fore Property in Santa Barbara, the buyer was Providence Capital Group Inc. in Encinitas. Avison …

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Housing market expected to take a huge hit

National pending home sales drops slightly

Members of the California Association of Realtors say the Coronavirus will inflict major damage on the state’s housing market. Unfortunately, says one economist and a veteran homebuilder, they’re almost certainly right. If a sampling of California realtors is accurate, the Coronavirus pandemic is going to wreak serious havoc on the …

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Third party logistics business opens another IE facility

Industrial Project

A third-party logistics company has opened a warehouse-distribution facility in Jurupa Valley. Weber Logistics announced the opening of the 353,361-square-foot operation earlier this month, according to a statement. It’s the company’s fifth facility in the Inland Empire and 12th in California. The exact location was not disclosed. The Santa Fe …

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Omnitrans makes changes

Omnitrans has made several adjustments to its service because of the Coronavirus outbreak. As of March 21, and lasting until April 19, most passengers must enter and exit every bus through the rear door to minimize contact, according to statement on the transit agency’s website. Only people with mobility devices …

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Newmark Knight Frank names managing directors

Mario J. Alvarez Jr. and Pablo Rodriguez have been named managing directors with Newmark Knight Frank’s Ontario office. Both men will work as a team to increase the firm’s retail sales and leasing portfolio in the Inland Empire, according a statement. Combined, Alvarez and Rodriguez have nearly 25 years experience …

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