Real Estate

A Class A apartment community in Temecula has been sold. The Vineyards at Paseo Del Sol, a 288-unit complex at 31901 Campanula Way, sold for nearly $70 million to The Praedium Group, a real estate investment group based in New York, according to a statement. CBRE Capital Markets represented The …

U.S. home prices climbed steadily in May, bolstered by an increase in sales throughout the country. Prices rose nearly five percent year-over-year during May, according to the Standard & Poor’s/Case-Shiller 20-city home price index, which was released Tuesday by S&P Dow Jones Indices. The data called first-time homebuyers “the weak …

City officials originally wanted mixed-use office and commercial on the Meredith site with little or no industrial development, but market conditions have forced them to go to Plan B, at least for now. It can no longer be said that there aren’t any large developable parcels of industrial real estate …

Pending home sales were up in California in June, the seventh consecutive month of growth in that category. Overall, pending sales were up 12.5 percent last month compared with June 2014, according to data released Thursday by the Los Angeles-based California Association of Realtors. Month-over-month, pending sales were down 2.6 …

A discount clothing store for women is setting up shop at Inland Center Mall in San Bernardino. Styles for Less will take up a 5,000-square-foot space near the former Gottschalk’s location, said Terri Relf, Inland Center’s senior marketing manager. The store is expected to open in August, but no exact …

Home builders are bullish on the housing market. Builder confidence in new, single-family homes in July reached 60, according to the National Association of Home Builders /Wells Fargo Housing Market Index, which was released recently. At the same time, June’s index was upgraded one point to 60. The last time …