Real Estate

It’s just not coming back as fast as people connected with the market would like. Vacancy is still above 10 percent, although the region continues to post positive net absorption, albeit in small numbers. Two thousand and eighteen is likely to be more of the same. Will 2018 finally be …

KB Home will develop 51 single-story homes in southwest Riverside County. The project, called Alure,will be built in French Valley on property near Interstates 15 and 215 and Highway 79, convenient to Murrieta, Wildomar and downtown Temecula, according to a statement by the Los Angeles-based homebuilder. Alure will have three …

Whether it stays as hot as it’s been the past two years remains to be seen, but the IE figures to keep getting more than its share of logistics development during the upcoming year. The Inland Empire industrial market absolutely sizzled during 2017. During the third quarter, the most recent …

A shopping center in Murrieta has been sold. Bella Piazza, a 28,000-square-foot facility at Murrieta Hot Springs Road and Jackson Avenue, sold for $10.1 million, said Jerry Palmer, senior vice president with WestMar Commercial Real Estate in Temecula. The transaction, which took several months to complete, was announced Monday. Palmer …

A 60,000-square-foot industrial building in Temecula has been sold and will be used for manufacturing and distribution. The structure sits on 1.2 acres about one mile from the Winchester Road on/off ramp, according to the San Diego office of Avison Young, a commercial reals estate brokerage. Avison Young represented the …

A Los Angeles-holding company has purchased 229 lots in Ontario that will be used for residential development. DR Horton bought the 48-acre property bordered by Chino and Bellegrave avenues from Ontario Schaeffer Holdings LLC, an investment group, for an undisclosed sum, according to WD Land in Irvine, which arranged the …