Four Inland Empire civic and business leaders have been appointed to a statewide committee tasked with devising new strategies for economic development and affordable housing issues, among other subjects.
The committee, initiated by California State Treasurer Fiona Ma, is part of a plan to increase housing production, encourage new technology, empower people to participate in communities’ advancement, increase opportunities for people of color in development and investment and spread out this development across the state.
Inland Empire appointees are Fontana Mayor Acquanetta Warren, Riverside entrepreneur and workforce development leader Angelov Farooq, Carlos Rodriguez, executive officer of the Building Industry Association’s Baldy View Chapter and William Leach, founder of Riverside-based Kingdom Development, a faith-based nonprofit geared toward providing affordable housing and assisting young people.
Those appointees represent one-third of the 12-member ad-hoc committee, according to a statement from Ma’s office. Others include Priscilla Chan, the wife of Facebook co-founder Mark Zuckerberg.
“I sought creative people who are not interested in the status quo,” Ma said.
CVS to open its doors in Colton
A new CVS Pharmacy will hold its grand opening Monday, Oct. 21 at 1010 North Pepper Ave. in Colton.
The opening day ceremony, with Mayor Frank Navarro and the Colton Chamber of Commerce participating, with be from 10 a.m. to 2 p.m.
The drugstore will feature new healthy foods and wellness products, along with a digital photo cafe that produces passport photos and other products.
Eyecare store opens in Eastvale
America’s Best Contacts and Eyeglasses, which has more than 500 retail locations nationally, opened a store in Eastvale on Wednesday, Oct. 9.
The location at 12585 Cantu Galiano Ranch Road, Suite 120, is part of the Goodman Commerce Center.
Apartments sold for $6.1M
A 55-unit apartment complex in San Bernardino has been sold for $6.1 million to WR Vilas LLC, an Inland Empire-based investment group, according to CBRE, the brokerage that represented the buyer.
The property at 1275 East Date St. has two- and three-bedroom units that average 902 square feet. The purchase was part of a 1031 exchange with help from Freddie Mac financing.
The seller was GB Commercial Investment, a local group based in the San Gabriel Valley; it also was represented by CBRE.
Desert Hot Springs building sells for $11.3M
A 2-year-old office building in Desert Hot Springs occupied by a Riverside County agency has been sold for $11.3 million, according to CBRE, which represented the seller.
The 38,084-square-foot building at 65753 Pierson Blvd. is fully occupied by the county’s Department of Public Social Services, which is two years into a 10-year lease.
The seller was Tahiti Partner Properties, a Long Beach-based developer. The buyer, represented by the McLean Co., was identified only as a Palm Springs-based real estate investment company.
The purchase was part of a 1031 exchange, a tax advantage that allows a seller to avoid some taxes by reinvesting in another property.
Habitat celebrates Menifee build
Habitat for Humanity Inland Valley celebrated the completion of a new home at 29453 Catano Road in Menifee on Saturday, Oct. 12.
Housing staff, volunteers and sponsors that made the new home possible attended the ceremony.
Factory foundation seeks funding
The California Manufacturing Workforce Foundation, an all-volunteer organization that awards scholarships to students who want to pursue advanced training, is seeking grant money and other contributions to support its programs.
CMWF partners with numerous two- and four-year colleges across Southern California. Students selected for scholarships usually attend classes while interning at manufacturing facilities.
Free cybersecurity workshops
Fontana is offering three free workshops on cybersecurity, part of National Cybersecurity Awareness Month. The workshops are open to the public and to all ages, and no advance registration is required.
The events will be from 12 to 1 p.m. Tuesday, Oct. 22 at the Don Day Community Center, 14501 Live Oak Ave.; from 10 to 11 a.m. Wednesday, Oct. 23 at the Fontana Senior CareCenter, 16710 Ceres Ave; and from 5 to 6 p.m. Thursday, Oct. 24 at the Jessie Turner Center, 15556 Summit Ave.
Subjects will include the creation of strong passphrases, how to spot and report phishing scams and the importance of software updates.
Forum on affordable housing set for Pasadena
The SoCal Policy Forum, a collaboration of the Center for Social Innovation at UC Riverside and the Southern California News Group, will host a forum on affordable housing and homelessness Thursday, Oct. 17 in Pasadena.
The event from 6-7:30 p.m. will be held at Pasadena City College’s Westerbeck Hall. The college and the city of Pasadena are co-hosts.
Confirmed speakers include William Huang, director of housing for Pasadena, the city’s mayor, Terry Tornek, and Gary Painter, a professor at the University of Southern California.
More information, including how to register, is available at socalpolicy.org/events/.
Perris warehouse project
A 16.26-acre site in Perris zoned for industrial use has been bought by First Industrial Realty Trust, which is planning a distribution facility for the site.
Plans for a 315,000-square-foot distribution facility on land at the crossing of Rider Street and Redlands Blvd. will be presented in the next 12 to 18 months, according to Avison Young, which represented the buyer.
The land was purchased from three separate local parties, according to Avison Young.
E.S. Kluft names managing director
Rancho Cucamonga-based mattress manufacturer E.S. Kluft and Co. has named industry veteran Jon Stowe as its managing director. Stowe, who began work Oct, 1, replaced Juan Dionis.
Kluft will lead the team seeking domestic and global growth of the company’s Kluft and Airelook product lines. Previously he was a senior vice president of Orange-based fabrication firm FXI and also worked for Canadian mattress maker Owen & Co.
Warehouse work complete
Commercial real estate developer Dermody Properties has completed work on a 262,260-square-foot distribution property at Riverside’s Meridian Business Center.
Reno-based Dermody Partners is now seeking a tenant to lease the property at 21822 Opportunity Way.
Cushman & Wakefield has been hired to handle leasing for the project, which is branded as “LogistiCenter at Park Meridian.”
Status Update is compiled by Inland Empire business reporter Jack Katzanek and edited by Business Editor Samantha Gowen. Submit items to firstname.lastname@example.org or email@example.com. High-resolution images also can be submitted. Allow at least one week for publication. Items are edited for length and clarity.