Real Estate

A majority of California renters aspire to home ownership, according to a report recently released. Half of the state’s renters rank homeownership “very important” or “extremely important,” and four out of five said they want to own a home, according to the California Association of Realtors’ 2018 State of the …

A Temecula company that manufactures suspension seats for off-road vehicles will move to a larger building within the city. Bestop PRP LLC has signed a five-year lease on 43,171-square-feet of industrial property in the 43300 block of Business Park Drive, according to a statement. The landlord is a private investment …

The slowing of the Southern California housing market continued in October, as sales of condominiums and single-family homes fell 7.5 percent year-over-year. Total sales were 19,193 last month, the weakest October since 2011, when 16,829 housing units changed hands, Irvine-based CoreLogic reported. Sales did rise 10.3 percent between September and …

A 50,200-square-foot industrial building in Perris has been sold. The structure, at 150 W. Walnut St., changed hands for $5.7 million, according to a statement released by Avison Young, the global commercial real estate firm. Avison Young represented the seller, an owner-occupant identified as WWW 150 Perris LLC. The buyer, …

A Rancho Cucamonga warehouse has been sold, reportedly for the highest price paid this year for an Inland Empire industrial property. The 486,600-square foot building at 9050 Hermosa Ave. sold for nearly $70 million, or $147 per square foot, according to a statement. The buyer was Deutsche Wealth Services, the …

Presidio Park, a 45-unit apartment community in Cathedral City, has sold for a record price. The property at 69150 Gerald Ford Drive changed hands for $7 million, or $155,556 per unit, according to a statement. The buyer was a private investment group in Riverside, the seller a family partnership in …