Tuesday , September 26 2023

Real Estate

Home prices rise, but at a slower pace

U.S. home prices grew in December, but at their slowest pace since 2012, according to data. Prices of single-family homes and condominiums increased by 4.7 percent year-over-year during the last month of 2018, Irvine-based CoreLogic reported. The average year-over-year price increase in 2018 was 5.8 percent, so the December data …

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Meridian industrial property sells

Newcastle Partners Inc., a San Francisco-base real estate development and investment firm, has sold a nearly-completed industrial building in Riverside. The 260,000-square-foot structure at 21822 Opportunity Way in Riverside is part of the Meridian Business Park, a 1,300-acre industrial development, according to a statement. Dermody Properties in Reno bought the …

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Ontario industrial park gets started

REDA, a Newport Beach real estate investment and development firm, has begun construction on a 1.1-million-square-foot industrial building in Ontario. The structure is the first of six that will make up the Ontario Ranch Logistics Center at 4815 S. Hellman Ave., according to a statement. The building, which is being …

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SC home sales continue to slide

Home sales in Southern California declined for the fifth consecutive month in December, as the region’s once-hot housing market continues to cool. Only 15,781 single-family houses and condominiums were sold during the last month of 2017, a 20.3 percent year-over-year drop, Irvine-based CoreLogic reported Wednesday. That was the lowest number …

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Medical office space in Redlands leased

An outpatient program at Loma Linda University’s Health Behavior Medical Center has leased office space in Redlands. The medical center’s MEND program will lease 15,000 square feet of space at Park Plaza, a three-building complex, according to a statement released by Cypress West, the property’s owner.  The lease is for …

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SB industrial property sells for $33 million

A Class A industrial building in San Bernardino has been sold. Newport Beach-based Bixby Land Co. and AXA Investment Managers paid $33 million for the structure at 4982 Hallmark Parkway, according to a statement. Recently completed, the building covers 343,000 square feet and is vacant. The purchase is part of …

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