Healthcare, Capital Markets Cole Sperry Healthcare, Capital Markets Cole Sperry

Nearly half of IE hospitals lost money last quarter — and the biggest ones lost the most

The most recent hospital financials California has published — covering October through December 2025 — show 14 of the IE's highest-Medi-Cal hospitals running a median loss margin of nearly 17%. Patient payer mix, more than size or ownership, is what separates the hospitals making money from the ones bleeding it.

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Energy, Real Estate, Capital Markets Cole Sperry Energy, Real Estate, Capital Markets Cole Sperry

California ordered 6 gigawatts of new power for data centers. The Inland Empire makes almost none of its own.

Citrus Belt Review: A PJM trade group told the eastern grid this month that the generation shortage is over — more than 130 GW of developers have raised their hands to build for data centers, and the only thing missing is signed contracts and transmission. Run that logic through the Inland Empire and it inverts. The corridor doesn't have a generation glut waiting on buyers. It has barely any generation at all.

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The tariff refunds are flowing to whoever held the import-of-record line — which in the IE often isn't the tenant

Citrus Belt Review: Customs is widening the refund portal for the IEEPA tariffs the Supreme Court struck down, and the money is real — but it travels by a rule that cuts against how the IE's distribution economy actually imports. Only the importer of record gets paid. In a region built on outsourced logistics, that party is frequently not the company that ate the cost.

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A national factory revival is a warning the Inland Empire reads backward

Citrus Belt Review: U.S. manufacturing just posted its strongest month in four years, and the reason it happened is the reason it should worry the corridor: factories are stockpiling inputs ahead of war-driven price spikes and shortages — inventory that has to be stored somewhere, and the Inland Empire is where the country stores things.

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National rail is surging on freight the Inland Empire doesn't run on

Citrus Belt Review: The Association of American Railroads reported a 7.8% jump in rail traffic this week, the kind of number that reads as a logistics recovery. Disaggregated, it's a carload story — grain, metals, autos — and the corridor's actual rail input, the import container, is having a quieter year than the headline suggests.

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Manufacturing, Capital Markets Cole Sperry Manufacturing, Capital Markets Cole Sperry

IE logistics shed 2,200 jobs as Washington pitches a faster supply chain

Citrus Belt Review: A container-screening plan unveiled at the Port of Los Angeles this week was sold as relief for a strained supply chain. Sixty miles inland, the region that actually moves the freight is shedding the jobs that strain was supposed to support — and the reasons have little to do with how fast a box clears the dock.

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Real Estate, Capital Markets Cole Sperry Real Estate, Capital Markets Cole Sperry

Sleep Number bankruptcy puts its Inland Empire store cluster in play

SupplyChainBrain: Sleep Number's Chapter 11 filing and forced 26-day sale put the fate of its nine-store Inland Empire retail cluster — Redlands, Riverside, Rancho Cucamonga, Corona, Menifee, Hesperia, Montclair, Chino Hills, and Temecula — in the hands of a Canadian buyer, even as the company pledges to keep as many locations open as it can.

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Capital Markets, Real Estate Cole Sperry Capital Markets, Real Estate Cole Sperry

Tariffs are hitting Inland Empire construction where it's already weakest

Citrus Belt Review: A third of California's commercial real estate developers say they've delayed or killed projects over construction costs and trade tension — and in the Inland Empire, that cost shock is landing on a building market already running at a decade-low pipeline with more than 50 million square feet of empty warehouse space. The national story is that tariffs squeeze contractor margins. Here, they decide whether the project happens at all.

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