Real Estate

The U.S. multifamily housing market will likely remain healthy during the next five years, according to a report. Demand, job growth and positive demographics “point to a healthy state of affairs for the U.S. multifamily market,” Yardi Matrix reported. A “significant supply” of multifamily product will be delivered nationwide between …

A planned affordable housing project in San Bernardino is on the verge of receiving a major boost from the state of California. Arrowhead Grove has been named eligible for a $20 million grant from the state Affordable Housing and Sustainable Communities program, according to a statement. The 184-unit project that …

A neighborhood shopping center in Rancho Cucamonga has been sold. RC Plaza, a nine-building complex at East Foothill Boulevard and Archibald Avenue, sold for $9.7 million, according to a statement. Hanley Investment Group in Corona Del Mar and Voit Real Estate in Anaheim represented the seller, a private investment group …

Tapestry will bring more than 15,000 housing units to the High Desert city. Its first houses are expected to go on the market in two years. Never let it be said that Hesperia isn’t doing its part to alleviate California’s housing crisis. The High Desert city with a population of …

Home sales in Southern California fell 3.4 percent in May, and it’s not difficult to see why. The median price of home – $530,000 – was a record for the six-county market and an 8.2 percent increase year-over-year, according to data released by CoreLogic in Irvine. Last month’s  drop in …

A 33,300-square-foot office building in Temecula has been sold. Temecula Oaks, which covers 2.5 acres in the Rancho California Business Park, sold recently for $5.8 million, according to Toronto-based Avison Young, an international commercial real estate firm. The property, at Rancho California Road and Business Park Drive, was built in …