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Real Estate

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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Desert retail pad sells for $6.3 million

Desert retail pad sells for $6.3 million

A multi-tenant retail pad in Palm Desert has been sold for $6.3 million. The property at 3120 Dinah Shore Drive is part of Monterey Crossing, a recently developed shopping center at Interstate 10 and Monterey Avenue, according to Hanley Investment Group Real Estate Advisors in Corona del Mar. Hanley Investment …

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South Bay company buys Inland industrial properties

Sold Sign

A real estate investment and management firm has purchased 921,700 square feet of industrial properties in the Inland Empire. Ocean West Capital Partners in El Segundo spent an undisclosed sum on four warehouse distribution projects in San Bernardino and Fontana, according to a statement released by the company. The properties, …

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Rialto gets another retail center

A 96,000-square-foot retail center has opened in Rialto. Rialto Village, developed by NewMark Merrill Cos, in Calabasas, is at Riverside Avenue and San Bernardino Road in the south part of the city, according to RENTV.com, a real estate website. The shopping center is fully occupied. Tenants include Sprouts, Burlington, In-N-Out, …

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Retail building sells for $7.4 million

A 22,000-square-foot retail building in the Terra Vista Town Center in Rancho Cucamonga has been sold. The structure at 10582 Foothill Blvd. was sold for $7.4 million by a private investor in Michigan to a private investor in the San Gabriel Valley, according to Progressive Real Estate Partners in Rancho …

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Multifamily project planned for Murrieta

An Irving-Texas-based multifamily developer will build an 852-unit apartment complex in Murrieta. JPI has purchased a vacant 31.7-acre parcel at Jefferson Avenue and Murrieta Hot Springs Road for $38 million and will break ground on the project late this year or in early 2024, according to a statement released Oct. …

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