Real Estate

Sales of existing homes in California reached their highest pace in close to four years last month, despite the lowest inventory so far this year. Total sales were 443,150 in June, up 3.3 percent compared with May and up 2.4 percent year-over-year, according to data released by the California Association …

Dollar General Town Center, a shopping mall in San Jacinto, has been sold. The property at 700-728 San Jacinto Ave. sold for $4.9 million to a private family trust in Newport Beach, according to Progressive Real Estate Partners in Rancho Cucamonga. The seller was a private investor in Huntington Beach …

The Inland Empire’s industrial sector continued to roar during the second quarter, with e-commerce and its accompanying big-box properties accounting for most of the onslaught. Vacancy dropped to 3.3 percent, its lowest level in the current boom cycle, while net absorption rose to 4.7 million square feet, according to CBRE …

The Inland Empire retail market performed solidly during the second quarter, posting a drop in vacancy and a rise in net absorption. Vacancy during the second quarter was 8.9 percent, below 2016 levels and about where it was two years ago, according to CBRE Group Inc. Despite some anchor store …

Driven by several factors, the current industrial boom is a lot stronger -and potentially has more staying power – than the boom of 2005-2007, according to a recent report. It’s no secret that e-commerce is behind the huge growth in the industrial sector, both throughout United States and locally in …

MBK Rental Living, a division of Irvine-based MBK Homes, has begun pre-leasing properties at MetroGateway in Riverside. The four-story development has 187 apartments and lofts on 4.2 acres next door to the La Sierra Avenue Metrolink station, according to a statement released Wednesday. It’s designed for millennials and has a …