Real Estate

Cash sales of Inland Empire homes were essentially unchanged in July, according to data released Wednesday. Cash transactions accounted for 23.2 percent of all homes sold in Riverside and San Bernardino counties during that month, a year-over-year drop of 0.6 percent, Irvine-based CoreLogic reported. That was below the national rate, …

A retail building that houses national and regional tenants has been sold. The property, which is part of the Hesperia Marketplace Shopping Center at Main Street and Escondido Avenue, sold recently for $8.5 million, according to Hanley Investment Group Real Estate Advisors in Corona Del Mar. Pacific Development Group in …

Avison Young, the commercial real estate firm, has negotiated a 15-year lease on behalf of 24 Hour Fitness in Riverside. HFC/PRP Madison LLC, the property’s owner, represented itself in the negotiations, according to a statement. Financial terms of the lease were not disclosed. The 38,000-square-foot facility is at 3490 Madison …

Adelanto has approved a retail project that will be developed on 18 acres at the northeast corner of Highway 395 and Rancho Road. Rancho Plaza at 395 will cover a little less than 200,000 square feet and will include a service station, a three-story, 60-room hotel, drive-thru restaurants, office space …

A Fort Worth-based homebuilder has purchased 36 lots in Highgrove, an unincorporated community in Riverside County next to Riverside. D.R. Horton, rated the largest homebuilder in the United States by the National Association of Home Builders every year since 2002, bought the property at Garfield and West Spring streets, said …

The Inland Empire’s industrial market continued to perform well during the third quarter, though several sectors did record minor drops during that time. Average lease rates reached 51 cents during that three-month period, up an average of 10 cents year-over-year and higher than the peak years of 2007-08, according to …