Real Estate

A 44-year-old apartment complex in Moreno Valley has been sold. Hemlock Terrace, a 15-unit structure at 23889 Hemlock Ave. north of the 60 Freeway, sold for $1.2 million, said Kevin W. Boeve, regional manager for Marcus & Millichap Ontario. The buyer and seller were each described as private investment groups …

U.S home prices rose 1.1 percent in January month-over-month, according to data released Tuesday. The increase compared with January 2014 was more substantial – 5.7 percent – CoreLogic’s monthly report on national housing prices stated. Twenty seven states and the District of Columbia were either at or within 10 percent …

A public parking lot in downtown Upland will become the first commercial and residential development in that part of the city. The multi-story project, which the city council approved last month, will cover 34,450 square feet at the southwest corner of Third Avenue and C Street, according to a report …

Developers of multifamily housing remained optimistic during the end of last year. The multifamily production index was 54 during the fourth quarter of 2014, capping off three straight years of quarterly reports of 50 or above, according to data released Thursday by the National Association of Home Builders. The index …

Pending sales of single-family homes in California bounced back last month, posting gains both month-over-month and year-over-year. The number of pending sales rose 26.7 percent in January compared with December, according to data released Wednesday by the California Association of Realtors. That was well above the average 16.3 percent month-over-month …

A Newport Beach developer will build an industrial park in Eastvale that will cover about two million square feet. Summit Development Corp. will construct industrial buildings that will range from 75,000 to 300,000 square feet during the project’s first phase, according to a statement released earlier this month. The second …