Real Estate

The national foreclosure rate fell dramatically on October, another sign that the housing market is in recovery mode. About 41,000 foreclosures were completed during that month, down from 55,000 foreclosures in October 2013, a decline of 26.4 percent, according to Irvine-based CoreLogic, which provides property information and other data to …

National home prices rose 6.1 percent in October year-over-year That figure, which included distressed sales, marked the 32nd consecutive month that home prices have risen compared with the same month the previous year, according to Irvine-based CoreLogic. Compared with September, home prices nationwide dropped 0.5 percent in October, CoreLogic stated …

Demand for industrial buildings in the Inland Empire remained high during the third quarter, while sales and leasing in that sector also stayed strong during that time, according to Colliers International. Industrial sales and leasing during the third quarter in Riverside and San Bernardino counties totaled 7.6 million square feet, …

A religious school in Northern California has bought an office building in Ontario and plans to move part of its operation there. Golden Gate Theological Seminary paid $26 million for the structure at 3210 E. Guasti Road, and it plans to move its Marin County operation there, according to a …

A warehouse-distribution center in Ontario has been sold. Ontario Pacific Business Center, at 3919-3979 Guasti Road, sold for $20.1 million to a private party whose name was not disclosed, according to a statement by CBRE Ontario. The building covers 246,000 square feet, with access to three freeways and near Ontario …

A developer wants to build 468 single-family homes in Lake Elsinore. Spectrum Communities LLC in Corona Del Mar will build on a 151-acre lot next to Lakeshore Drive along Terra Cotta Road, in the northern part of the city, according to a report in The Press-Enterprise. Plans also call for …