Real Estate

U.S home prices grew 18 percent year-over-year in October, the highest rate recorded in 45 years, according to data released today. Despite that, growth in single-family home prices nationwide has slowed since April, and price growth is likely to continue to grow slowly for at least a few months, Irvine-based …

A Newport Beach homebuilder will build a tract of high-end homes in the Mockingbird Canyon section of Riverside. Trumark Homes has purchased 72 finished lots for approximately $10 million in Mockingbird Canyon, which is near California Citrus State Historic Park, said Tom Doyle, principle partner with WD Land in Irvine. …

Two industrial lease agreements in Fontana that total more than 530,000 square feet have been completed. Newmark’s Ontario office represented both tenants in the negotiations, according to a statement released by the company. The first transaction involved Communications Test Design, Inc., a full-service, global engineering, repair and logistics company that …

Cross Creek Golf Club in Temecula has been sold for $4.6 million. The transaction includes both the golf course and the business entity associated with it, Progressive Real Estate Partners in Rancho Cucamonga announced Tuesday. Progressive marketed the property near Interstate 15 and represented the seller, ANB Enterprises, a private …

A building in Lake Elsinore occupied by Walgreens has been sold for $10.5 million. The structure, at the Diamond Drive/Railroad Canyon exit of Interstate 15, was sold by Diamond Properties in Foster City to an anonymous investor in Irvine, according to Hanley Investment Group Real Estate Advisors. Hanley Investment Group …

California’s housing market stayed healthy in October, maintaining sales above pre-pandemic levels despite a decline in year-over-year sales for the fourth consecutive month. Sales of existing single-family detached homes totaled 434,170 last month, according to data collected from more than 90 realtors statewide, according to the California Realtors Association in …