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Real Estate

Desert apartment complex sold

A 20-unit apartment complex in Twentynine Palms has been sold for $2.4 million. Blue Horizon Apartments was 95 percent occupied when it changed hands, according to CBRE, which represented the buyer and the seller in the transaction. Both parties declined to be identified. “The Twentynine Palms area has grown a …

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State housing market stays sluggish

U.S. home prices record annual decline

Sales of existing single-family homes in California totaled 240,940 in September, down 5.4 percent in August and 21.5 percent from one year earlier, according to data released today. The median price of a single-family home last month was $843,340, down 1.2 percent from August but up 3.2 percent year-over-year, the …

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Upland medical building sold

A medical office building in Upland has been sold for $8.8 million. The three-story structure at 400 Mountain Ave. was sold by Harbor Associates LLC, a property investment company in Seal Beach, to a local medical user who was not identified, according to CBRE. “This was an opportunity to acquire …

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Desert medical clinic building sold

Desert medical clinic building sold

An Indio building that is occupied by a dialysis clinic has been sold. The structure at 82900 Avenue 42, home to DeVita Dialysis, was purchased for $4.2 million by a Los Angeles Investor whose name was not released, according to Progressive Real Estate Partners in Rancho Cucamonga. The seller, represented …

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U.S. home prices keep rising

Nationwide housing prices take record jump

U.S. home prices rose 3.7 percent in August, the 139th consecutive month that prices have gone up year over year. That was the highest 12-month increase since February, enough to leave single-family home prices nationwide 42 percent higher than they were when the pandemic began in the United States in …

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