Real Estate

Inland Empire home prices, including distressed sales, rose 7.9 percent in December year-over-year, according to data released this week. Prices were essentially unchanged compared with November, Irvine-based CoreLogic reported. Nationwide, home prices were up 6.6 percent between December 2017 and December 2016, and up 0.5 percent from November. “The number …

A 227-unit apartment complex in Moreno Valley has been sold. Mediterranean at Towngate sold for nearly $28 million, according to a statement released by CBRE. TruAmerica, a Los Angels-based company that renovates and repositions multifamily properties, was the seller. The buyer was New Standard Equities, a real estate investment and …

Construction of a 504,000-square-foot warehouse-distribution building in Riverside has been completed. Meridian Distribution Center II occupies 27 acres at 22000 Opportunity Way, near Interstate 215 and Van Buren Boulevard, according to a statement released Monday by Newcastle Partners, the project’s developer. The building is part of Meridian Business Park, a …

Foremost Cos. has bought a 100,000-square-foot office building in Pomona. The structure, at 901 Corporate Center Drive, is part of the University Corporate Center business park, according to a statement. Cost of the building, and the name of the seller, were not released. The structure, which sits on 10 acres, …

A Canadian investor has bought two multifamily properties in San Bernardino. Vista Group Inc., a Calgary-based condominium rental agency, purchased the complexes at 1340 N. F St. and 3943 N. H St. for a combined  $8 million, according to CBRE Group Inc. Ontario. The F Street property has six studio, …

The median price for a single-family home in Southern California last month was $507,500, an all-time high, according to data released Wednesday. The previous record was $505,000, which the market reached three times in 2007 and twice in 2017, Irvine-based CoreLogic reported in its monthly assessment of the Southern California …