Real Estate

Southern California home sales took a sharp dive in November, the fourth consecutive month sales have dropped in the region year-over-year. A total of 17,710 new and existing houses and condominiums were sold in the six-county region during the next-to-last month of 2018, a 12.3 percent decline from November 2017, …

A retail property in Chino that is leased by CVS Pharmacy has been sold for $7.6 million. The 13,000-square foot parcel at 12101 Central Ave. sold to a local investor whose name was not released, according to a statement released by CBRE. The seller, who also wished to remain anonymous, …

Speculative projects aren’t on the horizon, but otherwise absorption should continue and vacancy should drop, according to several local brokers. The Inland Empire office market might be one of the most unusual office submarkets in California, if not the United States. The office market in Riverside and San Bernardino counties …

A two-building office complex in Murrieta next to Highway 79 has been sold. Silverhawk Corporate Center at Winchester and Murrieta Hot Springs Road sold for $14.3 million, according to a statement released by CBRE. The seller was Silverhawk Partners, an investment group represented by CBRE during the sale negotiations. The …

With the economy strong and people spending, the local retail market should be strong, but probably not spectacular, next year. If its third quarter performance is any indication, the Inland Empire’s retail market will be strong as it enters 2019. Net absorption in July, August and September was more than …

A strip mall in Menifee has been sold to a private investor. The Shops at Town Center Marketplace, located at 30029-30067 Haun Road, changed hands for $9.4 million, according to a statement released by CBRE. Buyer and seller were both represented by CBRE. Neither party’s name was released. The project, …