Real Estate

The state’s housing market slowed in May, the result of high mortgage rates, concerns about tariffs and a general anxiety about the economy. Sales of existing single-family homes in California totaled 254,190 last month, down 5.1 percent from April and a four percent decline year-over-year, according to the California Association …

Progressive Real Estate Partners in Rancho Cucamonga has helped negotiate the sale of a building in Pomona occupied by AutoZone. The 30,000-square-foot structure at 601 E. Holt Ave, which is also a distribution center for nearby stores, sold for $5.7 million, according to a statement on Progressive’s website. Progressive marketed …

A Texas-based homebuilder will develop 128 single-family homes in Apple Valley. Ocotilla Ranch will be built by LGI Homes, which constructs homes priced for first-time homebuyers, according to a statement on the High Desert town’s website. The Apple Valley project will offer five floor plans and be built on lots …

A four-building industrial park that will come with some rare tax benefits is under construction in Colton. The Colton Commerce Center will cover 182,123 square feet at 2245 W. Valley Blvd, according to JLL, which is marketing the project. Buildings will range from 40,000 to 50,000 square feet, and will be …

A multifamily development in Fontana has been sold for $6.1 million. CBRE represented the buyer, Cypress Apartments Properties LLC, and the seller, Masters Development LLC, according to a statement released by the real estate brokerage. Built last year, the property has 14 townhouse-style units with an average size of 1,205 square …

The Inland Empire’s multifamily market ended the first quarter of 2025 with an occupancy rate of 95.7 percent, according to a recent report. That was an increase of 20 basis points compared with the fourth quarter of 2024, and the fourth consecutive quarter that number grew, CBRE reported. That modest …