Real Estate

A building in Palm Desert occupied by a Bank of America branch office has been sold for $2.8 million. The 3,500-square-foot structure at Washington Street and Market Place Drive sold for $821 per square foot, the most paid for a Bank of America building in California to date this year, …

U.S. home prices increased 2.5 percent year-over-year in July, the 138th consecutive month the housing market recorded a price gain compared with the previous year, according to data released today. July was also an improvement from May and June, when the national housing market posted 1.6 percent year-over-year price gains …

Only two percent of all U.S. homeowners with a mortgage were in negative equity during the second quarter, about the same rate recorded during the past two years, according to a report. About 6.3 percent fewer homeowners were “underwater” in the second quarter compared with the previous quarter, Irvine-based CoreLogic …

A San Diego-based company has purchased nine industrial buildings in Chino for an undisclosed sum. Westcore, an industrial real estate investment company, bought the structures in a portfolio purchase that included similar structures in Valencia in Los Angeles County and Livermore in Northern California, according to a statement. The entire …

The question was a major topic of discussion during the 17th annual Southern California Water Conference hosted by the Building Industry Association of Southern California earlier this month. The half-day conference, held at the DoubleTree Hotel in Ontario, kicked off with balancing California’s water supply with its housing needs. Experts …

Single-family home sales in California totaled 269,180 in July, down three percent month-over-month and nine percent from exactly one year earlier, according to a recent report. Statewide, the median price of a single-family home last month was $832,340, down slightly from June but up 0.2 percent year-over-year, the first increase …