Real Estate

Sales of existing single-family homes in California remained below 300,000 in June, the ninth consecutive month the state’s housing market has failed to surpass that number. Closed escrow sales totaled 277,490 during the sixth month of the year, down 4.1 percent from May and 19.7 percent year-over-year, according to data …

An industrial property in Colton has been sold for $61 million. The 19-acre site was sold to Clarion Partners in Los Angeles and EBS Realty Partners in Newport Beach, according to CBRE. Hager Pacific Properties in Newport Beach, which CBRE represented, was the seller. The property at 275 and 375 De …

A fully-leased industrial building in Perris has been sold for $112.5 million. The 333,572-square-foot structure at 21500 Harvill Road is fully occupied by Cypress Medical Products, a development-distribution company in Richmond, Va., according to a statement. MDH Partners in Atlanta bought the building from CH Realty Partners in Los Angeles …

The Inland Empire office market had a rough second quarter, with vacancy and net absorption both moving in the wrong direction as the quarter ended. Vacancy was 9.5 percent, up slightly from the first quarter, while net absorption was minus 9,834 square feet, the first negative quarter in that category …

U.S. home prices grew only 1.4 percent in May, the lowest year-over-year growth rate recorded in 11 years. May was also the 12th consecutive month that home prices nationwide were slower than the previous month, and the first time since early 2012 that annual growth dipped below two percent, according …

Prologis Inc., will purchase approximately 14 million square feet of industrial properties from Blackstone Inc. for $3.1 billion. The all-cash transaction was expected to close within days of its June 27 announcement, according to a statement. “These high-quality properties are complementary to our portfolio and fit perfectly into our long-term strategic …