Real Estate

An industrial building in the Meridian Business Park in Riverside has been sold. Newcastle Partners sold the 600,000-square-foot building to Scuderia Development LLC, a real estate investment firm in Newport Beach, according to a statement released Friday. Scuderia Development paid $43.5 million for the building, which sits on 27 acres …

National housing affordability was stable during the third quarter, as single-family home prices firmed up throughout most of the country. Overall, 61.8 percent of the new and existing homes that were sold from July 1 through Sept. 30 were affordable to families earning the U.S. median income of $63,900, according …

Single-family home sales in Southern California were less than stellar last month. A total of 19,271 homes were sold in the six-county region last month, the lowest number for October in three years, according to CoreLogic DataQuick. That represented a drop of 0.4 percent compared with September – a typical …

Dollar General, the national discount chain, will open a store in Hemet this week. The company, which sells national name brands as well as goods with private labels, is scheduled to open the store Saturday at 25720 Fairview Ave., according to a report in The Press-Enterprise. Doors will open at …

There’s more good news regarding the Inland housing market. San Bernardino County was one of California’s the most affordable housing markets during the third quarter of this year, according to the California Association of Realtors’ Traditional Housing Affordability Index, which was released Friday. Fifty seven percent of San Bernardino County …

Members of the real estate industry get an up-close look at the region’s industrial market, in particular projects that are planned or under construction. The market is clearly emerging from hit it took during the recession. About 275 real estate professionals took part Thursday in NAIOP Inland Empire’s annual bus …