Real Estate

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 …

Four point three percent of all U.S. mortgages were in some state of delinquency – 30 days or more more past due – in March, virtually unchanged year over year, according to data released Tuesday. Also in March, the national foreclosure inventory rate was 0.6 percent, its lowest level since …

A 21-unit apartment portfolio in Riverside has been sold. Located at 4543-4581 Main St. and 4566 Orange St., the package includes seven and eight-unit apartment complexes, three duplexes and a single-family home, according to a statement by Los Angeles-based CBRE. The price was $2.8 million. Neither the buyer nor the …

Ground has been broken on a 90,000-square-foot hotel in Ontario. The 131-room Element by Westin Hotel will be built on 4.5 acres at 900 N. Via Piemonte Ave. across from Citizens Business Bank Arena, according to a statement. The four-story project, which is expected to be completed by the fall …

U.S. home prices increased nearly seven percent year-over-year in April and 1.2 percent month-over-month, according to data released today. In the Inland Empire, single-family home prices – not counting distressed sales – were up 8.2 percent compared with April 2017 and were essentially unchanged from March, Irvine-based CoreLogic reported. The …

The Harley Knox Logistics Center in Perris has been sold. The facility at 17610 Harvill Ave. sold for $16.3 million, according to a statement released by Newcastle Partners Inc. Newcastle Partners sold the 147,000-square-foot building to TA Realty LLC, a Boston real estate investment firm. The structure sits on 8.2 …