Real Estate

The recent sale of an office building in Murrieta occupied by the Pacific Western Bank building was negotiated by Dan Vittone and Alan Pekarcik, both principals with Avison Young’s Irvine office. A July 31 story incorrectly reported which Avison Young office handled that transaction.

Members of the Inland Empire chapter of NAIOP recently worked with Habitat for Humanity, the organization that provides housing to low-income people. About 20 chapter members helped paint and landscape a home in Riverside last month, part of the charitable organization’s A Brush With Kindness program, according to a release. …

Non-distressed home sales in California have reached their highest level since the start of the housing crisis. About 90 percent of all single-family home sales statewide in June were equity sales defined as sales of properties not in foreclosure or otherwise distressed – up from 89 percent in May, according …

A major tire company has leased a warehouse-distribution facility in Chino. Yokohama Tire Co. will use the 658,000-square-foot building as its distribution headquarters in the western United States, according to a statement released Wednesday. The new building will replace Yokohama’s 380,000-square-foot facility in Fullerton. Financial terms were not disclosed, and …

Despite the housing recovery, private investors are still buying and refurbishing houses in the two-county region and often selling them for a quick profit. Some say the practice artificially drives up prices and slows the market, but the practice has its defenders. Home flipping is alive and well in the …

Single-family home sales in California remained sluggish in June. Nearly 395,000 units were sold statewide last month, the eight consecutive month that sales were below 400,000, according to data released Wednesday by the California Association of Realtors. That was a 1.5 percent increase compared with May but a 4.8 percent …