Real Estate

A multifamily development in Fontana has been sold for $6.1 million. CBRE represented the buyer, Cypress Apartments Properties LLC, and the seller, Masters Development LLC, according to a statement released by the real estate brokerage. Built last year, the property has 14 townhouse-style units with an average size of 1,205 square …

The Inland Empire’s multifamily market ended the first quarter of 2025 with an occupancy rate of 95.7 percent, according to a recent report. That was an increase of 20 basis points compared with the fourth quarter of 2024, and the fourth consecutive quarter that number grew, CBRE reported. That modest …

A Circle K store and gas station in Coachella has been sold for $3.1 million. Fountainhead Development in Newport Beach, the project’s developer, sold the property to a private investor in San Diego whose name was not released, according to Hanley Investment Group in Corona Del Mar. Hanley Investment represented …

Adelanto has broken ground on a 22-unit housing tract. Oasis 22 will be developed at Raccoon and Kemper avenues by LNL Investment Group, an LLC based in Irvine, according to a statement on the city’s website. The project was approved in four months. “We are excited to celebrate this achievement, …

U.S. homebuyers took out 86,604 mortgages for second homes in 2024, a five-percent year-over-year drop, and the lowest number of second mortgages since 2018, a recent report as found. That data includes the purchases of second homes, primary homes and investment properties from 2018 to 2024, according to Redfin, a …

U.S. home prices will flatten in the third quarter and be down one percent year-over-year by the end of the fourth quarter, a well-known commercial real estate brokerage has predicted. If that forecast holds true, it will be a major reversal from the past few years: aside from a brief …