Grocery Outlet, a bargain supermarket chain, is opening this week in east Riverside.
The grand opening Thursday, Sept. 15 will include Grocery Outlet Bliss Buck gift cards for the first 100 customers in line at at 8 a.m. Amounts will range from $5 to $500.
The Emoryville company sells a variety of groceries at discounted prices because it’s overstock items from other merchants. Staples such as dairy, eggs, meat and produce are part of a store’s regular lineup.
Deals at “G.O.” include heavily discounted snacks, cereal and juices. Wine is often a bargain, too. It’s not uncommon to see bulk yogurt sold at big-box stores on Grocery Outlet shelves for a fraction of the retail price. But shoppers need to be willing to hunt for the deals.
To celebrate its debut, the store operator-owners Chico and Sonia Garcia are donating $1,000 to Riverside Meals on Wheels.
Address: 3981 Chicago Ave.
Stonegate sells to Universe Holdings for $53.4M
Universe Holdings in Los Angeles is buying Stonegate Apartments in Riverside for $53.4 million.
The seller was Institutional Property Advisors, a division of Marcus & Millichap.
The 160-unit complex 6506 Doolittle Ave. has a mix of one- and two-bedroom floorplans, plus a fitness center, swimming pool, spa, barbecue area, pet park, playground, covered parking, four laundry rooms and a business center.
Rents at Stonegate range from $1,785 for a one-bedroom up to $2,370 for a two-bedroom unit, according to Apartments.com.
“With average rents in the Riverside submarket projected to grow 7.9% over the next 12 months and 27% over the next five years, Stonegate Apartments is poised to produce strong returns for the buyer,” said Alexander Garcia Jr., IPA executive director.
Universe Holdings said it plans to invest $100 million in the Inland Empire market over the next 24 to 36 months, according to Universe Founder and CEO Henry Manoucheri.
“We see significant opportunities across the Inland Empire and plan to aggressively pursue acquisitions to further grow economies of scale and establish a foothold in the market,” Manoucheri said in a statement. “This is our third-largest acquisition in the Inland Empire, and we intend to continue growing.”
Universe’s other Inland Empire complex is the 304-unit Acacia Park in San Bernardino, which the firm bought in 2003. Universe also bought a third property in the region in the early 2000s, a 320-unit multifamily property in Temecula which it sold in 2012.
Weber expands logistics network again in IE
Third-party logistics provider Weber Logistics has added its eighth distribution facility to its Inland Empire network.
The company will operate a multi-client hub from a 418,000-square-foot distribution center in Perris. It’s Weber’s 17th facility in California.
Weber said its facility can store up to 45,000 pallets with pack/ship automation. When full, it will employ at least 100 workers.
Weber said its warehouse footprint in the Inland Empire has more than doubled in the past two years to over 3 million square feet.
Grant will help university explore racism in probation department
A $250,000 contract has been awarded to Cal State San Bernardino’s School of Criminology and Criminal Justice, which will to evaluate the Riverside County Probation Department’s workforce policies and practices in a “Systemic Racism Project.”
The project will look at diversity, equity and inclusion regarding policies and practices, training of sworn officers and their work with disadvantaged communities, probation and messaging to the public.
The project’s lead investigator is Doug Weiss, an associate professor of criminal justice. His co-investigators are Gisela Bichler, professor of criminal justice, and Alexis Norris and Nerea Marteache, associate professor of criminal justice.
Riverside County’s Board of Supervisors in 2020 declared systemic racism a public health crisis and vowed to take steps to combat it. This project is part of that promise.
50 years for Phenix in Riverside
Phenix Technology, a firefighter-owned and operated equipment maker, is celebrating 50 years in business with a new facility in Riverside.
Founded in 1972, the company was formed by fire captains Ronny Coleman and Ray Russell who were looking to make a safer helmet for firefighters. Some of their first customers included the Riverside County Fire Department.
“They didn’t do it to make money. They did it simply because they wanted to leave the world a better place,” said CEO Angel Sanchez Jr. “Today, that vision still acts as our guiding light – a vision to leave the world a better place. We are proud to manufacture entirely American made fire helmets used by thousands of emergency personnel around the world.”
The golden anniversary was feted by 100 guests at 3453 Durahart St.
Coleman and Russell would go on to lead illustrious careers in the firefighting agencies of California. Coleman is the former California fire marshal and Russell the former assistant chief of the California State Fire Training Division. They still work at Fenix, a family-owned company.
Murrieta resident James “Jim” D. Hicken has been appointed to the CalAccount Blue Ribbon Commission. He’s has been director, president and chief executive officer at Legacy Bank since 2018. This position does not require Senate confirmation and there is no compensation. Hicken is a Democrat.
The business briefs are compiled and edited by Business Editor Samantha Gowen. Submit items to firstname.lastname@example.org. High-resolution images also can be submitted. Allow at least one week for publication. Items are edited for length and clarity.