April 12, 2013 |
Nestled on the windy plains at the foot of the San Bernardino Mountains, once austere stretches of agricultural land have morphed into the country's most desirable industrial real estate market, and it is growing faster than any other industrial region in the U.S. Among the many merchants running large-scale operations now are such household names as Amazon.com Inc., Kohl's Corp., Skechers USA Inc., Mattel Inc. and Stater Bros. Markets. They come for vast warehouses - some are bigger than 30 football fields under one roof - where they can store, process and ship merchandise such as clothes, books and toys to ever more online shoppers and handle the rising flood of goods passing through the ports of Los Angeles and Long Beach.
October 9, 2012 |
The Inland Empire has made some big job gains during the last year, but forecasters expect it will lag behind the broader California recovery, with an unemployment rate in the double digits through 2014. The hard-hit area made up of Riverside and San Bernardino counties is expected to see its jobless rate fall to 10.6% in 2014 - above the 8.5% projected for the state as a whole, according to a report from Claremont McKenna College and UCLA released Tuesday. There are some upbeat signs, according to the report.
January 7, 2010 |
Hillwood Investment Properties, a company owned by the Perot family, bought more than 1 million square feet of vacant new warehouse space near the former Norton Air Force Base in San Bernardino as part of a strategy to take advantage of the depressed real estate market. The Plano, Texas, developer and landlord said Wednesday that it acquired two empty buildings from New York asset manager BlackRock in a deal valued at more than $20 million. The warehouses were built last year by a competitor of Hillwood's next to Hillwood's Alliance California development in San Bernardino, said John Magness, a senior vice president.
April 23, 2002 |
Two recent investment property sales set records for the Inland Empire, according to brokers involved in the transactions. GTS Properties Hollywood Inc. of Rolling Hills Estates bought the 628-unit Baywood Villa Apartments at 1171 E. Baywood Drive in Corona from CT Realty Corp. of Newport Beach for $55 million. The figure was the highest price ever paid for an apartment complex in the Inland Empire, said Sean Deasy of CB Richard Ellis, who represented CT Realty.
May 1, 1988
"A Public/Private Partnership for Progress" will be the theme of the 1988 Inland Empire West Conference on Wednesday at the Red Lion Inn in Ontario. The event, sponsored by the cities and Chambers of Commerce of Chino, Fontana, Montclair, Ontario, Rancho Cucamonga, Upland and the Inland Empire Economic Council, will bring together business and government leaders to review achievements and opportunities of Inland Empire West.
CALIFORNIA | LOCAL
December 1, 2013 |
Eloise Gomez Reyes' frustration seemed to leap off the pages of her recent complaint letter to the head of the California Democratic Party. She described how she had tried repeatedly to address local party clubs about her candidacy for a hotly contested congressional seat in the Inland Empire, only to learn four of those organizations had endorsed a rival, Redlands Mayor Pete Aguilar. The backing, announced by the Aguilar campaign, "suggests that information needed to participate fully in the Democratic Club endorsement process has intentionally been withheld" from other candidates, Reyes, a Colton attorney and first-time candidate, said in her letter.
October 13, 1987
The Inland Empire was rattled by a minor earthquake at 8:58 a.m. today that measured 3.9 on the Richter scale and was centered about 10 miles south-southeast of San Bernardino. There were no reports of damage or injuries, although many residents said they felt the temblor. The Caltech Seismology Laboratory also recorded two smaller temblors overnight, each measuring 2.8 on the Richter scale and located about three miles south-southeast of Yucca Valley.
December 4, 1988
Builder/developers John Lusk of the Lusk Co., Ira Norris of Inco Homes and Elizabeth Williams of the Williams Co. will discuss housing market opportunities in Riverside and San Bernardino counties at the Dec. 12 dinner meeting of the Orange County chapter, Building Industry Assn. of Southern California.
June 13, 1988
A rolling earthquake shook portions of the Inland Empire region of Southern California, but there were no immediate reports of damage or injury, authorities said. The quake was felt in the Ontario area as well as in San Bernardino, Fontana and Riverside, 50 miles east of Los Angeles. "We thought someone had hit the building. We only got about two or three calls on it," said dispatcher Teresa Paniagua of the Fontana Police Department. None of the callers reported injuries or damage, she said.
January 14, 1994 |
The Inland Empire, plagued by rising joblessness and soaring real estate foreclosures, can expect little relief in 1994, economists at Chapman University said Thursday. Neighboring counties will log a year of modest recovery and slight employment gains. But Riverside and San Bernardino counties are likely to see a second year of job losses as employers pare about 2,000 positions from their payrolls, said Esmael Adibi, director of the university's Center for Economic Research.