Real Estate

A three-building industrial complex in Temecula has been sold. Providence Real Estate Group sold the 68,000-square-foot Highland Business Center for $13.5 million, according to CBRE. The buyer was a Beverly Hills investment company whose name was not released. The buildings are located on 6.3 acres at 40880, 40935 and 40945 …

Sales of Southern California homes dropped nearly 25 percent year-over-year in June, while median home prices stayed essentially the same during that time, according to a report released Aug. 9. Irvine-based CoreLogic’s report includes data for new and resale single-family homes and resale condominiums from Los Angeles, Orange, Riverside, San …

A 295,000-square-foot warehouse-distribution center will be built on a 14-acre parcel in Perris. Patterson Commerce Center will be at Patterson Avenue and Nance Street next to the Optimus Logistics Center, a 1.4 million square foot, two-building project, according to a statement. New York-based Rockefeller Group, which developed Optimum Logistics Center, …

A 25-unit apartment complex in Fontana has been sold for $6.3 million. Built-in 1973, the complex at 8919 Mango Ave. has one, two, and three-bedroom units with an average unit size of nearly 800 square feet, according to a statement. CBRE represented the buyer and the seller, both private entities …

U.S. home prices grew 1.6 percent in June, close to the lowest year-over-year growth rate recorded in 11 years, according to a report. Compared to May, home sales – including properties in or near foreclosure – were up 0.5 percent, a sign that price appreciation could be leveling nationwide, Irvine-based CoreLogic reported. …

U.S. mortgage delinquencies fell to an all-time low in May, in part because of a strong job market that is allowing most borrowers to make their house payments on time. Two point six percent of all mortgages were at least 30 days or more past due, including foreclosures, a slight …