Real Estate

Sales of existing homes rose to their highest level in nearly six years in May, as more first-time buyers entered the national housing market. Total existing-home sales – single-family homes, townhouses, co-ops and condominiums – totaled a seasonally adjusted 5.3 million last month, a 5.1 percent increase from April, according …

An office building occupied by the San Bernardino County Human Services Department has been sold. The one-story structure at 150 Lena Road in San Bernardino sold recently for $1.73 million, said Rick Lazar, senior vice president for Coldwell Banker Commercial Sudweeks Group in Redlands. The seller was a private investment …

National housing starts dropped 11.1 percent in May, but a surge in construction permits indicates that builders remain optimistic about the housing industry. However, the number of permits issued last month rose 11.8 percent to 1.275 million, the highest level reached since August 2007, according to data released this week …

The California Supreme Court this past week upheld a City of San Jose ordinance that requires housing developers to set aside a certain number of housing units at below-market-rates for low and moderate income residents. That sounds like a great idea on its face. After all, we want everyone to …

A business park in Ontario that is geared toward start-up and early stage businesses has been sold. Airport Wineville Business Park, a four-building “incubator” facility, sold to Wohl Investment Co. in Newport Beach for $4.5 million, according to Colliers International Ontario. The seller was McLellan Estate Co. in Belmont, which …

Nearly 255,000 mortgaged properties in the United States regained equity during the first quarter of this year, according to a report released Tuesday. Nationwide, the number of mortgaged residential properties at the end of the first quarter of this year totaled 44.9 million, or roughly 90 percent of all mortgaged …