Real Estate

A 44-unit affordable housing complex in Palm Springs has been sold. Community Preservation Properties paid $11.2 million for Sunnyview Villa at 2950 N. Indian Canyon Road, according to a statement. That property, near the West End Racquet & Health Club, consists of one and two-story buildings for people who earn …

Housing affordability in California has fallen to its lowest rate in nearly 16 years, a result of interest rates consistently above six percent and not enough houses being built, according to data released Aug. 11. Only 16 percent of the state’s households were able to afford the $830,620 median-priced home …

A three-building industrial complex in Temecula has been sold. Providence Real Estate Group sold the 68,000-square-foot Highland Business Center for $13.5 million, according to CBRE. The buyer was a Beverly Hills investment company whose name was not released. The buildings are located on 6.3 acres at 40880, 40935 and 40945 …

Sales of Southern California homes dropped nearly 25 percent year-over-year in June, while median home prices stayed essentially the same during that time, according to a report released Aug. 9. Irvine-based CoreLogic’s report includes data for new and resale single-family homes and resale condominiums from Los Angeles, Orange, Riverside, San …

A 295,000-square-foot warehouse-distribution center will be built on a 14-acre parcel in Perris. Patterson Commerce Center will be at Patterson Avenue and Nance Street next to the Optimus Logistics Center, a 1.4 million square foot, two-building project, according to a statement. New York-based Rockefeller Group, which developed Optimum Logistics Center, …

A 25-unit apartment complex in Fontana has been sold for $6.3 million. Built-in 1973, the complex at 8919 Mango Ave. has one, two, and three-bedroom units with an average unit size of nearly 800 square feet, according to a statement. CBRE represented the buyer and the seller, both private entities …