Thursday , May 30 2024
Breaking News

Real Estate

Report: home prices are getting smaller

Nationwide housing prices take record jump

U.S. home prices grew 15.8 percent in July, a solid number but the third consecutive month that single-family home prices have declined year-over-year, according to data released today. Home prices fell by 0.3 percent between June and July, a trend that never happened between 2010 and 2019, when prices between those …

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MoVal retail building to become Kids Empire

A retail building in Moreno Valley has been sold for $2.8 million. The 13,000-square-foot structure at Towngate Promenade was purchased by a private investor whose name was not released, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive represented the seller, Gateway Property L.C. The buyer plans to convert …

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Future downtown Eastvale site closes escrow

The Irvine-based developer set to develop Eastvale’s downtown has acquired the land that will be home to the that project’s first phase. The New Home Company assumed ownership of 495,000 acres formerly known as The Leal Ranch Property when escrow closed recently, according to a statement on Eastvale’s website. Ultimately, …

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Chino industrial portfolio sold

Sold Stamp

A cluster of three industrial buildings in Chino, all fully occupied, have been sold. Clarion Partners Real Estate Income Fund Inc., a real estate investment management company in New York, bought all three structures recently for an undisclosed sum, according to a statement released today. The dealer’s name and the …

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Progressive negotiates Whittier sale

building sold

Progressive Real Estate Partners has negotiated the sale of a shopping center in Whittier. The Rancho Cucamonga brokerage, which specializes in small to medium-sized real estate transactions, marketed La Pico Plaza and represented the seller, an Orange County investor whose name was not released, according to a statement. Desert Capital …

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Resort property sells for $50 million

Murrieta Hot Springs, the 46-acre property in southwest Riverside County that has been home to a Christian conference center and Bible college since 1995, has been sold. Olympus Real Estate Group paid $50 million for the site at 39401 Hot Springs Road, according to a statement released Tuesday. The seller …

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