Real Estate

Rockefeller Group, a worldwide private real estate developer, will develop a 203,000-square-foot warehouse-distribution facility in Moreno Valley. The New York-based company has purchased 8.7 acres in the Centerpointe Commerce Center and will begin working on the project this fall, according to a statement. Rockefeller Group paid $5.9 million for the …

For 83 straight months, median home prices in Southern California have risen year-over-year. No more. That streak ended last month, when the median price of a single-family home or condominium dropped 0.1 percent, from $519,000 to $518,500, according to data released by CoreLogic in Irvine. That was the first year-over-year …

Towngate Center, a shopping center in Moreno Valley, has been sold. Brixton Capital recently sold the 290,000-square-foot facility for $51 million, according to a statement. The buyer’s name was not disclosed. Located at 12625 Frederick St., Towngate Center is 95 percent leased. Its tenants include TJ Maxx/Home Goods, BevMo, Ross …

Los Angeles-based KB Homes will build a tract of single-family homes in Ontario. Countryside will be 52 one and two-story homes that will range from 1,800 to $2,500 square feet, have three floor plans, walk-on closets and up to five bedrooms, according to a statement. The development will be near …

That’s the conclusion of a UC report that tries to explain California’s housing shortage.  Some people have been saying that for a long time. For years, homebuilders in California have decried the excessive regulations they must deal with, both locally and on the state level. They point to that as …

RENTV will hold its fourth annual Inland Empire Commercial Real Estate State of the Market Conference Thursday. The conference, at the Embassy Suites by Hilton Ontario Airport, will feature more than one dozen Inland commercial real estate brokers who will give their assessment of the local retail, industrial, office and …