Real Estate

California’s housing market reversed a four-month sales decline, according to data released Monday. Sales of existing, single-family homes totaled 438,190 in September up 5.6 percent from August and down 10.5 percent from September 2020, the California Association of Realtors reported. Statewide, September’s median home price was $808,890, a 2.3 percent decline …

The Inland Empire office market performed well during the third quarter, with lease rates rising 5.2 percent year-over-year. Asking lease rates for Class A office space in the two-county region was $1.89 per square foot, the highest rate since 2007 before the Great Recession, according to Newmark, the commercial real …

Pomona Valley Health Center in La Verne has been sold for $24.6 million. The facility, at 2317-2333 Foothill Blvd, covers nearly 40,000 square feet and is 100 percent leased, with the health center accounting for about 85 percent of the occupancy, according to a statement released by CBRE. The seller …

A 197-unit apartment complex in San Bernardino has been sold for $53.6 million. The Vue, at 1660 W. Kendall Drive, was purchased recently by Tailwind Investment Group in Newport Beach, according to a statement released Monday by CBRE. The sellers were Dalan Management, a real estate investment and management firm …

The Shops at Spanish Trail could transform not only Barstow but all of the High Desert. Supporters of the mixed-use development want to bring retail, commercial, and some residential development to the region, but first, they have to find out what sort of development residents will support.   Joseph W. …

Sales of existing single-family homes in California are expected to drop 5.2 percent in 2022, according to the California Association of Realtors. California’s median home price will increase 5.2 percent next year, to $834,400, the association predicted in its 2022 housing forecast, which it released Thursday. To put the median …