Real Estate

Newmark Grubb Knight Frank has completed the sale of Empire Towers I-IV, an office development in Ontario. The complex, which covers 400,976 square feet, sold for $78.5 million, according to a statement released Tuesday. The seller was a joint venture between CIP Real Estate in Irvine and Guggenheim Partners LLC, …

California’s housing market got off to a solid start in January. Single-family home sales totaled 420,100 during the first month of the year, up 2.1 percent compared with December and 4.4 percent year-over-year, according to the California Association of Realtors. The median price of a single-family home last month was …

Thirty one percent of California households could afford to buy a median-priced home – $511,360 – during the fourth quarter of 2016, according to the California Association of Realtors. That percentage was unchanged from the third quarter but was up 30 percent year-over-year, the association reported, the Los Angeles-based association …

Upland Village, a grocery-anchored retail center whose tenants include Grocery Outlet and Dollar Tree, has been sold. The 60,857-square-foot development at the northeast corner of Mountain Avenue and West Eighth Street, sold for $17.2 million, according to statement released by Hanley Investment Group Real Estate Advisors in Corona Del Mar. …

An Upland-based affiliate of Century 21 Real Estate LLC has been purchased by another affiliate of that company. The office of Century 21 Prestige was bought for an undisclosed sum by Century 21 Peak in Los Angeles, a real estate brokerage firm and a member of the Peak Corporate Network …

Construction has begun on Columbia Business Park, a 1.4-million-square-foot in Riverside’s Hunter Industrial Park. The speculative project, which is being developed by Trammell Crow Co., will consist of three buildings on 72 acres near the Hunter Park/UC Riverside Metrolink Station, according to a statement released Wednesday. The first phase will …