Real Estate

Six retail pads at Perris Marketplace, a 220,000-square-foot shopping center anchored by a Walmart supercenter, have been sold. All six properties – three multi-tenant  pad buildings and three single-tenant fast-food pad restaurants – were fully occupied when the sale was completed, according to Hanley Investment Group Real Esate Advisors, which …

The Inland Empire’s apartment market has a 95.7 percent occupancy rate for March, making it one of the country’s stronger multifamily markets, according to data released Thursday. The two-county region tied with Los Angeles, San Diego, San Francisco and Detroit for the highest occupancy rates among major U.S. markets, RealPage …

Riverside sustained a 3.3 percent drop in real housing price between January of this year and January 2017, one of the largest declines in the United States, according to data released Wednesday. Pittsburgh, -7.8 percent, Memphis, -2.4 percent, Baltimore, -2 percent and Virginia Beach at -1.8 percent recorded the other …

Redhawk Medical Plaza, a two-story Class A office property in Temecula, has been sold. The 32,400-square-foot building at 44274 George Kushman Court was purchased by Rancho Santa Margarita-based Cypress West Partners and Med Properties Holdings LLC in Dallas, according to a statement. Cost of the property, which is 100 percent …

The High Desert is positioned to become a booming housing market, according to a local housing expert. “The High Desert has a lot of open [residential] lots that are ready to be built on,” said John Mulville, Southern California regional manager for Metrostudy, a residential real estate data and research …

Southern California home sales were static in February while median prices in the region continued to rise. Sales of new and existing houses totaled 15,189 last month, an increase of 0.6 percent from February 2017, according to data released by Irvine-based CoreLogic. That was the highest number of sales for …