Seminar on FHA loans for seniors coming to Highland

   Education for Seniors, a division of Security One Lending, will hold an informational seminar taught by industry expert Randall Buffam at 10:30 a.m. on Wednesday, Nov. 12, at the Sam J. Racadio Highland Library and Environmental Learning Center.

   The seminar is about home equity conversion mortgages backed by the Federal Housing Administration (FHA loans).

   The library is located on 7863 Central Ave. in Highland. Reservations suggested, but not required.

   To RSVP, call (909) 725-2930, or via e-mail at rbuffam@securityonelending.com

Martha Stewart living comes to La Quinta

   Martha Stewart Living Omnimedia (NYSE: MSO) and KB Home (NYSE: KBH) announced their newest project on Sunday, Nov. 9, which is an active adult community in La Quinta. About 100 guests, including area residents, attended the event.

   These new homes created with Martha Stewart will represent KB Home’s first community built exclusively for adults 55 and over and is slated to open in fall 2009.

   Upon completion, the community will feature one-story ranch style homes, ranging from 1,300 to 1,800 square feet. The homes will feature new exterior elevations inspired by Martha Stewart’s many trips to Mexico and the local landscape.

Rancho Cucamonga office unit changes hands for $1.67 million

Fullmer Construction has sold unit 203 at 8112 Milliken Ave., Bldg 3 in Rancho Cucamonga to a private medical practice for $1.67 million. The buyer has occupied the 4,166-square-foot space for the past year and exercised an option to purchase. The two-story, 27,835-square-foot medical/office facility completed construction in 2007 in the Foothill Gateway Business Park. It is adjacent to San Antonio Medical Center. John Ewart of Grubb & Ellis in Ontario represented the buyer and seller.
SOURCE: costar.com

Rancho Cucamonga defense contractor approves reverse stock split

Rancho Cucamonga-based Emrise Corp., a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced Thursday that 30.1 million shares, or 79 percent of the total 38.3 million outstanding shares of common stock, were voted in approval of a proposal to allow the company’s board of directors to effect a reverse stock split between the range of 1 for 1.5 and 1 for 3.75. The company indicated that it plans to implement the reverse split as soon as practicable, according to the news release.
The voting took place during a special meeting of stockholders held at 8 a.m. Thursday at Emrise’s corporate headquarters. A quorum of stockholders was present in person or by proxy.
Emrise’s chief executive, Carmine T. Oliva, remarked in the release: “Management and the Board believe that it is in the best interests of Emrise Corp. and its shareholders to implement a reverse stock split, primarily to maintain listing requirements of the NYSE Arca exchange. A reverse stock split would also reduce the total number of shares outstanding to a level more appropriate for Emrise.”
“Our board of directors also believes that Emrise’s stock price has been negatively impacted by the uncertainty and risk of de-listing from the NYSE Arca exchange and that there would be a better chance of achieving higher valuation in the future if a reverse split is approved and implemented.”

Alley Kat Jazz Lounge opens in Rialto

   Alley Kat Jazz Lounge will have its grand opening today, Nov. 7, from 9 p.m. – 2 a.m.

   The new jazz lounge is located on 134 S. Riverside Ave. in Rialto.  It is open Friday and Saturday, from 9 p.m. – 2 a.m.

   Patrons must be 21 years of age and there is a strict dress code (no sports attire allowed).

   For more information, call 909-875-5777.

Logistics industry’s regional impact to be discussed at UCR event

   The Inland Empire logistic industry’s impact on the region’s economy, environment and politics is the subject of a one-day conference at University of California, Riverside on Nov. 13.

   “Getting the Goods: The Struggle for Environmental Justice and Good Jobs in the Inland Valley” will be held from 10:30 a.m. to 5 p.m. in UCR Commons, room 355. The conference is free and open to the public. There is a $6 fee for parking. 

   “This conference will open your eyes about the impacts of the trucking and warehousing of goods on the Riverside/San Bernardino region,” said conference organizer Ellen Reese, chair of the Labor Studies program and associate professor of sociology.

BNSF completes third rail line in Cajon Pass

   Fort Worth, Texas-based BNSF Railway has completed construction of a third main rail line through the Cajon Pass that will increase capacity on BNSF’s Chicago-to-Los Angeles route from 100 to 150 trains a day.

   The $90 million project adds almost 16 miles of third main track to BNSF’s route into the Los Angeles Basin.

   About 75 to 100 freight and passenger trains currently traverse the Cajon Pass daily.

   Over the last four years, more than 300 BNSF employees and contractors worked on the Cajon Pass project. In that time, crews moved more than 1 million tons of earth, placed approximately 42,000 concrete railroad ties and laid more than 30 miles of steel rail.

Chino company reports record sales of “green” building products

Atlas Lumber Company, a Chino-based wood products company certified by the Forestry Stewardship Council to supply green building products, announced Thursday that shipments of FSC-certified products in October exceeded previous company records. According to a news release from the company’s vice president of sales and marketing, Stephen Ondich, “Many architects, designers, and consumers are now specifying that their projects be produced using green materials. FSC-certified is gold-standard globally. We’re glad to be part of the program.” Information: www.atlaslumber.com and www.fscus.org

Rancho Cucamonga Web business launches new site for Catholic community

Rancho Cucamonga-based Web site business B.F.S. announced this week the launch of its newest affiliated site, www.MyCatholicSource.com. In production for years, the site saw its initial full-scale unveiling at the end of October, according to a news release. Targeting a primarily Catholic audience – and calling itself an “Online oasis” – the “comprehensive, reverent, orthodox” Web site has more than 2,000 pages.