Real Estate

Construction is expected to start next summer on a 75-unit apartment complex in Ontario. Hallmark at Mission will be developed at Mission Boulevard and South Magnolia Avenue, a parcel now occupied by a storage facility, said Andrew Salter, associate land advisor with WD Land in Irvine, which is marketing the …

National pending home sales were a mixed bag in August. Year-over-year, pending sales were up a robust 6.1 percent, according to data released Monday by the National Association of Realtors. That marks 12 consecutive months that pending sales – meaning a contract of sale has been signed but the transaction …

Pending home sales in California fell in August but were strong enough to register year-over-year gains for the 10th consecutive month. Month-over-month, the Pending Home Sales Index fell 8.7 percent from July, according to data released Tuesday by the California Association of Realtors. During the last seven years, the index …

A Long Beach-based firm has leased a 750,000-square-foot warehouse-distribution building that it developed in Fontana. LG Electronics USA, which manufacturers flat screen television sets, refrigerators, microwave ovens and other household appliances, moved into the building at 5565 Sierra Ave. last week, said Charley O’Desky, project manager for Pacific Industrial. The …

U.S. home resales dropped in August despite an increase in first-time buyers and a slowdown in price growth. Sales of existing homes – completed transactions that involve single-family homes, condominiums, co-ops and town homes – fell 4.8 percent last month compared with July to a seasonally adjusted annual rate of …

No one can say Carlos Rodriguez had it easy when he was named executive director of the Baldy View chapter of the Building Industry Association of Southern California. Rodriguez first went to work for the chapter in 2004, when the local housing market and the economy in general were both …