Real Estate

A multi-tenant retail building in Apple Valley has been sold. The 15,105-square-foot building at the main entrance to Rancherias Plaza sold for $2.5 million, according a statement released by Progressive Real Estate Partners in Rancho Cucamonga. Progressive Real Estate marketed the property and represented the seller, a private investor in …

Home prices increased 3.7 percent in March year-over-year, according to date released Tuesday. Prices also rose one percent between February and March, but the price growth that has been a hallmark of the nation’s housing market for more than a year is definitely slowing, according to CoreLogic’s monthly home price …

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 …