Real Estate

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 …

Eighteen retailers have agreed to locate at a Rialto shopping center scheduled to break ground this month. Rialto Village will be built at the southwest corner of San Bernardino and Riverside avenues and will be anchored by Sprouts, Burlington, Ulta, and Five Below, according to CBRE Ontario, which is marketing …

The Inland Empire accounted for seven of the largest industrial leases in the United States during the first six months of this year, according to data released today. Only Atlanta, Chicago and Indianapolis surpassed the Inland region in the category, which was based on an average size warehouse lease of …

Sales of single-family detached homes in California fell 31.1 percent year-over-year in July, the result of high prices and rising interest rates, according to data released today. The state’s median home price – $833,910 – was up nearly three percent from exactly one year earlier, the California Association of Realtors …

A Palm Desert building occupied by Mattress Firm and Club Champion has been sold for $5 million. The three-year-old structure is on a small parcel at Highway 111 and Fred Waring Drive, an intersection that accommodates an estimated 63,000 vehicles a a typical day, according to a statement released Tuesday. …

Ground has been broken on a 330-acre master-planned community in Menifee. Legado, which broke ground this month, will feature 1,000 homes and multiple recreational spaces, including walking paths with exercise stations, play spaces, a pool and recreation center and a 13-acre park, according to a statement. “Legado will be a …