The 76-year-old Taylor Home Appliance Store was purchased by Howards in La Habra.
Terms of the acquisition were not disclosed by either company. Taylor, founded in 1945 by Harold Taylor Sr., will be rebranded to Howard. (By the way, Howard was launched in 1946.)
“It was important to us when considering an acquisition that the new company’s values align with ours, with the same commitment to the customer and the community,” said Scott Taylor, Harold’s grandson and Taylor’s Appliance CEO and president, in a statement.
Howard’s representatives said the company will begin work on the new Riverside site in January.
Ontario apartments sell for $28 million
A 75-unit apartment complex in Ontario has been sold to an anonymous foreign investor for $28 million, according to CBRE.
The four-story Hallmark at the Mission Hotel was completed in 2019 and features one- and two-bedroom apartments. Rent ranges from $1,950 to $2,395 per month, according to apartments.com.
Amenities include a pool, spa, club, fitness center, and attached garages.
“This property has performed well during the pandemic and is poised for future rental growth,” said Eric Chen, who brokered the sale with CBRE for both the buyer and seller. “This was an all-cash transaction from an outside buyer looking to position the capital as a long-term and generational investment.”
The seller is not recognized by CBRE.
Dough Makers Wanted In Ontario
Domino’s Pizza wants to add some dough… to your wallet.
The company’s supply chain hub in Ontario needs workers this holiday season. The facility assigns positions in production, warehouse, Class A and B CDL drivers, maintenance and management.
The team at Domino’s Dough Making Warehouse produces pizza dough, toppings, and ingredients for Domino’s stores throughout Southern California.
“Our CDL drivers are paid very competitively, and our warehouse and production staff get excellent benefits and wages, too,” said Travis Wright, director of Domino’s Supply Chain Center in the region.
Those interested in applying can visit jobs.dominos.com.
$3 million for airport upgrades
Infrastructure upgrades are coming to San Bernardino International Airport, backed by a $3 million federal grant from the Inland Valley Development Agency.
The money will pay for upgrades to the airport’s transportation system and supply chain, ultimately increasing commercial cargo capacity.
“This project is a fantastic opportunity to complete a vital lifeline to our airport infrastructure at a pivotal time in our California economy, enhancing safety and ensuring ongoing support for our supply chain and mobile public,” said Mike Burroughs, CEO of Inland Valley. Agency for Development and San Bernardino International Airport, in a statement
The US Department of Economic Development Scholarship was awarded to IVDA with the assistance of Rep. Pete Aguilar.
Cold storage unit in Colton sells for $7.5 million
A 45,000-square-foot cold storage facility in Colton sold for $7.5 million to Integreon Global.
The building located at 1750 N 8th St. Cryopak, a division of Integreon that designs and manufactures cold packs and refrigerants for drug shipments, biotechnology and life sciences.
Avison Young’s principal, Cody Lerner, represented the buyer. Such as seller, Modu Food Factory, David Hong of Urban Real Estate and Allen Lee Kwon.
“This property was a perfect fit for our clients. “It’s nearly impossible to find full cold storage properties, and with costs and time to build, our client took the opportunity,” Lerner said.
The facility, built in 1984 on 4.28 acres, has a food processing plant with cold storage.
The scholarship program is open
The Cardenas Markets Foundation has opened a scholarship program of $177,000 to students in areas where supermarkets operate.
Al-Baqal will distribute 59 scholarships worth $3,000 each for the 2022 school year, an increase of $1,000 over the 2021 school year.
Recipients will be selected based on academic qualifications, financial need, leadership skills, and a commitment to community service.
Students can apply at cardenasmarkets.com/scholarships.
Dermody Properties has donated $5,000 to Feeding America of Riverside and San Bernardino, a non-profit organization providing hunger relief and emergency food assistance in the Inland Empire.
Funds were raised through the company’s annual Thanksgiving Capstone Award.
“There are more than 800,000 people living below the poverty line in the Inland Empire, and at Dermody Properties we want to do everything we can to help bring that number down,” said Kathleen Briscoe, Partner and Head of Capital at Dermody Properties. “We feel incredibly fortunate to be able to support extraordinary organizations like Feeding America so that they can provide assistance to more people and families experiencing difficulties.”
Riverside Grad Makes Forbes List
Charlotte Smith, a Riverside resident who graduated from Riverside Poly High School and Harvard University, made the Forbes Under-30 list this year for her work in media relations at Google. Smith, a 29-year-old political communications director for Google, was included on this year’s list for her work in shaping Google’s 2020 election integrity policies and for advocating outreach to people of color within the company.
Business briefs are compiled and edited by Business Editor Samantha Gwen. Send items to firstname.lastname@example.org. High-resolution images can also be submitted. Allow at least one week for posting. Items are edited for length and clarity.