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Real Estate

Townhome rentals planned for Wildomar

office building in riverside sells for $11.4 million

Two Newport Beach developers plan to build 163 townhomes in Wildomar in southwest Riverside County. Sancerra Communities and STG Capital Partners have purchased a 26-acre parcel at Palomar Street and Jefferson Avenue and will develop a build-to rent community there, according to a statement released Tuesday. Cost of the parcel, …

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Home prices grow at highest rate in 45 years

Nationwide housing prices take record jump

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 …

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Riverside to get $1 million homes

housing market

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. …

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Newmark completes Fontana leases

Dermody signs Eastvale tenant

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 …

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Golf course sells for $4.6 million

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 …

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