Real Estate

More than 20,400 houses and condominiums were sold in Southern California in December, up 4.7 percent month-over-month but down nearly three percent compared with December 2015, according to data released Tuesday. December sales were 15 percent below the December average of 24,067, but there’s an explanation for that seemingly weak …

A company that creates and promotes products for construction, electricity and landscape design has leased an industrial building in Corona. Vista-based Wellco Industries Inc. will occupy an 89,819-square-foot building at 2095 California Ave., according to a statement. Terms of the lease, as well as a move-in date, were not disclosed. …

Construction is expected to begin this spring on a 340-unit upscale apartment complex in Redlands. The Crossings at Redlands will be developed by The UCR Group, a property acquisition and development company in Redlands, according to a statement. The project, at West Lugonia Avenue and Nevada Street just east of …

Lease rates for industrial space in Riverside and San Bernardino counties reached 51 cents per square foot at the end of last year, topping the previous peak rate set in 2007, according to data released Thursday. New buildings that commanded a premium price, along with strong demand for quality industrial …

WD Land in Irvine has completed the sale of two large tracts of land in Riverside County, both of which will be used for residential development. The first, in an unincorporated area near Menifee and the community of Winchester, sold for approximately $10 million in a transaction between two private …

The Inland Empire office market added more than 323,172 square feet of space during 2016, with most of that activity happening around Ontario International Airport, according to data released Tuesday. That absorption, combined with an absence of new development, caused the two-county region’s vacancy rate to drop to 12.9 percent …