Real Estate

Los Angeles-based KB Home recently opened two housing developments in Riverside. Carmel Ridge and Santa Barbara are both part of Spring Mountain Ranch, one of the top-selling master-planned communities in Southern California, according to a statement. Spring Mountain Ranch is at the base of  Box Spring Mountain, near the Riverside …

Single-family home prices in the United States rose 3.6 percent in April compared with April 2019, the first of several increases expected to happen within the next year, according to data released Tuesday. Overall, home prices are expected to increase 4.7 percent nationwide during that time, Irvine-based CoreLogic reported. “The …

A large apartment complex in Colton has been sold. The District at Grand Terrace, a 352-unit multifamily property at 1315-1316 S. Meadow Lane, sold recently for $63 million, according to a statement. Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, FPA Multifamily Real Estate Investment Firm …

The Southern California housing market continued to struggle last month, with 20,074 new and existing houses and condominiums changing hands during that time. That was an 11.6 percent increase from March but a 3.3 percent decline year-over-year, CoreLogic in Irvine reported. Overall, it was the weakest April for housing sales …

A 23,000-square-foot industrial building in Chino has been sold. The structure, which occupies 1.84 acres at 15142 Vista Del Rio Ave.d, sold for $4.3 million, according to a statement. The buyer was CMI Holdings Inc. LLC. It plans to move into the building in mid-2020, after the current tenant leaves. …

A retail center next to the 91 Freeway in Corona has been sold. The Corona Freeway Center at 2410  Wardlow Road changed hands for $11 million, according to a statement released by Progressive Real Estate Partners in Rancho Cucamonga. PRES Cos., a commercial real estate investment and development company in …