Real Estate

Redhawk Medical Plaza, a two-story Class A office property in Temecula, has been sold. The 32,400-square-foot building at 44274 George Kushman Court was purchased by Rancho Santa Margarita-based Cypress West Partners and Med Properties Holdings LLC in Dallas, according to a statement. Cost of the property, which is 100 percent …

The High Desert is positioned to become a booming housing market, according to a local housing expert. “The High Desert has a lot of open [residential] lots that are ready to be built on,” said John Mulville, Southern California regional manager for Metrostudy, a residential real estate data and research …

Southern California home sales were static in February while median prices in the region continued to rise. Sales of new and existing houses totaled 15,189 last month, an increase of 0.6 percent from February 2017, according to data released by Irvine-based CoreLogic. That was the highest number of sales for …

MGR Real Estate purchased $138.8 million in commercial real estate during 2017, the Ontario-based company has reported. The real estate and property management firm made four major transactions last year, including its purchase of One Lakeshore Centre in Ontario, according to a statement. That Class A office project near Haven …

Multifamily rents in the United States rose 2.7 percent in February. Nationwide, the average multifamily rent last month was $1,364, according to a recent report by Santa Barbara-based Yardi Matrix. The report, based on data taken from 121 markets, called the increase “not surprising … since it is very close …

Los Angeles-based KB Home held a grand opening last Saturday for Camberly Place, its latest community in French Valley. Located near Interstates 15 and 215 and Highway 79, Camberly Place has one and two-story houses that range from 2,000 to 3,200 square feet and have up to six bedrooms, according …