Real Estate

A 26,000-square-foot manufacturing facility in Corona has been sold for $8.4 million. The building at 2900 Palisades Ave. is used for making electrical components, according to Voit Real Estate Services. Vernick represented the buyer, LBGD Investment Group, LLC. The seller was Jon R Gerwin and Kathryn Gerwin. Multiple offers were …

Pending sales of single-family homes fell one percent nationwide in September, the largest month-over-month drop in five months, according to a report. Transactions in which the seller has accepted an offer but the sale is not final were down in 30 of the 50 largest metro areas last month, Seattle-based …

Financing has been arranged for a planned mixed-use development in Rancho Cucamonga. Marcus & Millichap Capital Corp. has secured $64 million for the construction of a multifamily, retail and commercial project at 8500 Haven Ave., according to a statement. The financing took six months to arrange. Los Angeles-based Parkview Financial, …

A multi-tenant retail building in Yucca Valley has been sold for $1.9 million. The structure at 57990 29 Palms Highway is occupied by Crazy Bargains, Luxury Nail Spa and No Limits Boutique, all discount and service-oriented tenants, according to Progressive Real Estate Partners in Rancho Cucamonga. Other tenants in the Stater …

Nationwide listings of single-family homes for sale fell 1.4 percent between July and August, the largest decline in that category since June 2023, according to a recent report. Sales rose 9.7 percent compared with August 2023, the smallest year-over-year increase since March 2024, reported Redfin, the Seattle-based residential real estate …

Sales of single-family homes in California rose slightly in August, the result of an improvement in mortgage rates and a leveling off of home prices. Closed escrow sales totaled 264,240 last month, a 0.9 percent increase from July, and essentially unchanged year-over-year, according to the California Association of Realtors. Those …