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Real Estate

State home sales stay down

Higher interest rates continued to disrupt California’s housing market in October, according to data released on Nov. 20. Sales of existing single-family homes totaled 241,770 in October, down only 0.3 percent from September and down nearly 12 percent year-over, the California Association of Realtors reported. Those numbers take into account …

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Residential development breaks ground in Ontario

A 91-unit residential development is under construction in Ontario. “Dusa” is being built southeast of downtown near Haven Avenue West and Chino Avenue, according to Landsea Homes in Dallas, the project’s developer. The project, which broke ground recently, will consist of 95 single-family homes ranging from 2,027 to 2,317 square …

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Tesla building sold

Tesla building sold

A Riverside building occupied by Tesla has been sold for $21 million. The 53,100-square-foot building is used by the automotive and clean energy company as a sales, service and delivery center, according to a statement. The building sits on a 10.3-acre parcel of land at 7920 Lindbergh Dr, west of …

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San Bernardino industrial project sold

San Bernardino industrial project sold

A nine-building industrial project in San Bernardino has been sold for $9.2 million. San Bernardino Industrial Center at 360-458 E. Rialto Ave. sold recently for $175 per square foot, according to a statement. CBRE represented the seller, a partnership between Birtcher Anderson and Davis and Belay Investment Group. The 52,600-square …

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Home prices keep growing

Home prices keep growing

The average price of a singe-family home grew 4.5 percent in September, the third consecutive month of accelerated growth in the national housing market, according to data released this week. U.S. home prices have now grown year-over-year for 140 consecutive months and 42 percent since the pandemic began, CoreLogic in …

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