Real Estate

A 184-unit multifamily development in Riverside has been sold. PCCP, a national real estate finance and investment management firm, and Alliance  Residential Co., a rental residential real estate developer based in Scottsdale, Az., bought the property at 9179 Indiana Ave. for $65.3 million, according to a statement released by both …

Twenty eight point eight percent of all U.S. homebuyers in March paid cash, down one percent year-over-year, according to a report. That was also the lowest percentage of cash purchases during the third month of the year since 2021, when that number was also 28.8 percent, Seattle-based Redfin reported. All-cash …

Pending home sales fell 1.1 percent week-over-week as of May 17, the first nationwide decline since early April. Mortgage-purchase applications declined four percent during that time, a drop attributed to an increase in interest rates, according to Redfin, a Seattle-base real estate company that operates a popular real estate brokerage …

A 2,700-square-foot building in Ontario occupied by a Wienerschnitzel restaurant has been sold. The free-standing building at 4605 Mills Circle was purchased by a private investor for $2.8 million, according to Progressive Real Estate Partners in Rancho Cucamonga. The buyer was represented by Progressive and the seller, represented by Kotai …

California’s median home price reached a record high in April, helped by lower mortgage rates and more sales in high-end neighborhoods. The median home price reached $914,810 last month, a 2.9 percent increase from March and up slightly year-over-year, the California Association of Realtor reported. Sales of existing single-family homes …

Despite high gas prices and inflation, U.S. retail sales rose for the seventh consecutive month in April, according the National Retail Federation. Nationwide sales, not counting automobile and gasoline transactions, were up 0.34 percent from March and up 5.7 compared with April 2025, the federation reported. The month-over-month figure was …