Real Estate

The Building Industry Association of Southern California has severed its ties with the Southern California Association of Governments. That move is described as temporary in an announcement made Tuesday by the Building Industry Association. The BIA took the action in response to SCAG’s refusal to address “numerous concerns set forth …

A 422,000-square-foot warehouse complex in Norco has been sold. Saddle Ranch Business Park was sold to Alere Property Group in Newport Beach for an undisclosed sum, according to a statement released by the company. The seller was CapRock Partners, a developer and industrial real estate agency also in Newport Beach. …

Progressive Real Estate Partners has negotiated the $2 million sales of a 6,500-square-foot retail pad in Yucca Valley. The property at 58132 Twentynine Palms Highway is occupied by Gamestop, Verizon Wireless, and Metro PCS. The retail pad at Twentynine Palms Highway and Balsa Avenue accommodates about 300,000 vehicles on a …

Home prices hit fever pitch U.S. home prices rose to record heights in August, fueled by a combination of not enough homes being built, and the ones that are being built being priced off the market for many would-be buyers. The price of a single-family home rose an average of …

Ontario Gateway, a 225,749-square-foot grocery-anchored shopping center next to Ontario Mills, has been sold. The fully-leased property sold for $40.5 million, Newmark Group Inc. announced today. Newmark represented the seller, Zelman Development Co. in Los Angeles. The buyer was JH Real Estate Partners in Newport Beach, which recently has been …

Brixton Capital, a real estate investment firm in Solana Beach, has purchased Marketplace Beaumont, a 187,851-square-foot shopping center in Beaumont. The seller was FJ Hanshaw Trust in Garden Grove, who sold the retail project for an undisclosed sum in an off-market transaction, according to a statement released this week. Located …