Real Estate

Pending homes nationwide fell 5.9 percent month-over month in December, the lowest seasonally adjusted level ever except April 2020. Compared with December 2024, pending home sales were 7.4 percent, according to Redfin, a Seattle-based real estate agency. “Buyers are extremely selective, and still think prices are too high,” said Alison Williams, …

California’s housing market ended 2025 on a strong note. Sales of existing single-family homes in December were up 0.3 percent month- over-month and up two percent compared with December 2024, according to the California Association of Realtors. Those numbers are annualized, meaning they represent the number of homes that would have …

Palm Springs and the Agua Caliente Band of Cahuilla Indians will hold a special meeting this summer to discuss a proposed industrial project that would cover 2.8 million square feet on tribal land located within the city. If approved by the tribal council, the four-building Desert Mountain View Business Park …

A 224,700-square-foot industrial building in Temecula has been sold. MCA Realty Inc. in Newport Beach bought the building at 41995 Zero Drive for an undisclosed sum, according to a statement released by the company. The seller was not identified. The transaction included an adjacent 5.4 acres for possible expansion. “Temecula …

The Chino Spectrum Towne Center has been sold. Brixmor Property Group, a New York-based real estate investment trust, bought the power center near the 71 Freeway from MetLife Investment Management, according to CBRE. CBRE represented MetLife in the negotiations. Cost of the transaction was not disclosed. Opened in 2002, Chino …

A Starbucks Cafe & Drive-Thru in Perris has been sold for $4.8 million. Hanley Investment Group in Corona Del Mar represented the seller, Yellow Rose Ranch, LLC, according to a statement, Yellow Rose Ranch also developed the property at 3939 Ramona Expressway. The buyer was a private investor from Newport …